The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Short Interest Down 59.7% in May

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,265 shares, a drop of 59.7% from the May 14th total of 3,136 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 17,756 shares, the days-to-cover ratio is presently 0.1 days.

The Central and Eastern Europe Fund Stock Performance

CEE opened at $21.01 on Friday. The Central and Eastern Europe Fund has a 52-week low of $14.25 and a 52-week high of $21.98. The firm’s 50-day moving average price is $20.42 and its 200-day moving average price is $18.90.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in The Central and Eastern Europe Fund during the second quarter valued at $179,000. Raymond James Financial Inc. increased its holdings in The Central and Eastern Europe Fund by 8.4% in the second quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund’s stock valued at $259,000 after buying an additional 1,291 shares in the last quarter. Silver Point Capital L.P. raised its position in shares of The Central and Eastern Europe Fund by 9.6% in the second quarter. Silver Point Capital L.P. now owns 55,900 shares of the closed-end fund’s stock worth $868,000 after acquiring an additional 4,900 shares during the period. Osaic Holdings Inc. purchased a new stake in shares of The Central and Eastern Europe Fund during the 2nd quarter worth about $128,000. Finally, Bulldog Investors LLP boosted its stake in shares of The Central and Eastern Europe Fund by 440.9% during the 3rd quarter. Bulldog Investors LLP now owns 72,345 shares of the closed-end fund’s stock worth $1,111,000 after acquiring an additional 58,971 shares in the last quarter. Hedge funds and other institutional investors own 34.41% of the company’s stock.

About The Central and Eastern Europe Fund

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.