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

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 583 shares, a drop of 74.4% from the September 15th total of 2,279 shares. Based on an average trading volume of 18,174 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of The Central and Eastern Europe Fund

Hedge funds have recently made changes to their positions in the business. Almitas Capital LLC bought a new position in shares of The Central and Eastern Europe Fund during the 2nd quarter worth approximately $3,560,000. Weiss Asset Management LP raised its stake in The Central and Eastern Europe Fund by 67.2% in the 1st quarter. Weiss Asset Management LP now owns 90,968 shares of the closed-end fund’s stock valued at $1,665,000 after acquiring an additional 36,569 shares during the period. Silver Point Capital L.P. bought a new stake in The Central and Eastern Europe Fund in the 2nd quarter valued at $1,171,967. Royal Bank of Canada bought a new stake in The Central and Eastern Europe Fund in the 1st quarter valued at $1,036,000. Finally, Janney Montgomery Scott LLC lifted its holdings in The Central and Eastern Europe Fund by 2.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,980 shares of the closed-end fund’s stock valued at $640,000 after purchasing an additional 688 shares during the last quarter. 34.41% of the stock is owned by institutional investors and hedge funds.

The Central and Eastern Europe Fund Stock Up 0.0%

Shares of CEE stock traded up $0.00 on Tuesday, reaching $18.56. The stock had a trading volume of 6,013 shares, compared to its average volume of 23,793. The Central and Eastern Europe Fund has a 12 month low of $14.82 and a 12 month high of $21.98. The firm’s 50-day moving average is $19.89 and its two-hundred day moving average is $20.27.

About The Central and Eastern Europe Fund

The Central and Eastern Europe Fund, Inc (NYSE: CEE) is a closed-end investment company focused on long-term capital appreciation. The fund invests primarily in equity securities of companies located in, or deriving a significant portion of their business from, Central and Eastern Europe.

Its portfolio may include companies across markets such as Poland, Hungary, the Czech Republic, Romania, Turkey and other countries in the region. Investments can span multiple industries and may include common stocks, preferred stocks, debt securities and other investment instruments, giving shareholders exposure to developing European economies through a professionally managed portfolio.

The fund is advised by Lazard Asset Management LLC.