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

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 3,021 shares, an increase of 418.2% from the September 30th total of 583 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 11,511 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On The Central and Eastern Europe Fund

Several large investors have recently added to or reduced their stakes in CEE. Almitas Capital LLC acquired a new stake in shares of The Central and Eastern Europe Fund during the 2nd quarter worth about $3,560,000. Weiss Asset Management LP lifted its holdings in The Central and Eastern Europe Fund by 67.2% during 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 purchasing an additional 36,569 shares during the last quarter. Silver Point Capital L.P. acquired a new position in The Central and Eastern Europe Fund in the second quarter valued at about $1,171,967. Royal Bank of Canada bought a new stake in The Central and Eastern Europe Fund during the first quarter worth about $1,036,000. Finally, Janney Montgomery Scott LLC grew its stake in The Central and Eastern Europe Fund by 2.0% during the first quarter. Janney Montgomery Scott LLC now owns 34,980 shares of the closed-end fund’s stock worth $640,000 after buying an additional 688 shares during the last quarter. Institutional investors and hedge funds own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Trading Up 1.5%

Shares of The Central and Eastern Europe Fund stock traded up $0.29 during trading on Wednesday, reaching $19.20. The company’s stock had a trading volume of 8,033 shares, compared to its average volume of 23,208. The business’s fifty day moving average price is $19.36 and its 200-day moving average price is $19.78. The Central and Eastern Europe Fund has a one year low of $14.82 and a one year high of $21.98.

The Central and Eastern Europe Fund Company Profile

The Central and Eastern Europe Fund, Inc (NYSE: CEE) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies located in, or with significant business activities in, Central and Eastern Europe.

The fund provides investors with diversified exposure to regional public markets across sectors such as financial services, industrials, consumer goods, energy, telecommunications and utilities. Its portfolio may include companies in countries such as Poland, Hungary, the Czech Republic, Turkey and other emerging European markets, although geographic and sector allocations can change over time.

The fund was established in 1990 and was formerly known as The Central European Equity Fund, Inc It is managed by an investment adviser within the abrdn asset-management organization.