The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Sees Large Increase in Short Interest

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 16,225 shares, a growth of 1,182.6% from the May 31st total of 1,265 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 30,215 shares, the days-to-cover ratio is currently 0.5 days.

The Central and Eastern Europe Fund Price Performance

NYSE:CEE traded up $0.15 on Thursday, reaching $20.91. The stock had a trading volume of 12,003 shares, compared to its average volume of 26,025. The Central and Eastern Europe Fund has a 1-year low of $14.25 and a 1-year high of $21.98. The stock has a fifty day moving average price of $20.93 and a 200-day moving average price of $19.24.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

Large investors have recently bought and sold shares of the business. Freestone Capital Holdings LLC raised its position in The Central and Eastern Europe Fund by 295.2% in the 4th quarter. Freestone Capital Holdings LLC now owns 177,858 shares of the closed-end fund’s stock valued at $3,148,000 after purchasing an additional 132,858 shares during the last quarter. Bulldog Investors LLP boosted its stake in The Central and Eastern Europe Fund by 440.9% in the third quarter. Bulldog Investors LLP now owns 72,345 shares of the closed-end fund’s stock worth $1,111,000 after purchasing an additional 58,971 shares in the last quarter. Royal Bank of Canada bought a new stake in shares of The Central and Eastern Europe Fund during the first quarter worth $1,036,000. Weiss Asset Management LP acquired a new stake in shares of The Central and Eastern Europe Fund in the fourth quarter valued at $963,000. Finally, Wealth Care LLC acquired a new stake in shares of The Central and Eastern Europe Fund in the first quarter valued at $584,000. 34.41% of the stock is currently owned by institutional investors.

The Central and Eastern Europe Fund Company Profile

The Central and Eastern Europe Fund, Inc (NYSE: CEE) is a closed-end management investment company that seeks to provide shareholders with long-term growth of capital and a high level of current income. Since its initial public offering in 1994, the fund has focused on equity and equity-related securities of companies operating in Central and Eastern Europe. Shares of CEE are traded on the New York Stock Exchange, offering U.S. investors direct exposure to the economic growth and development of this dynamic region.

CEE’s investment strategy combines a macroeconomic top-down framework with rigorous bottom-up security selection.