The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,136 shares, a decline of 66.4% from the April 30th total of 9,326 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 24,452 shares, the days-to-cover ratio is currently 0.1 days.
The Central and Eastern Europe Fund Stock Performance
Shares of NYSE CEE traded down $0.08 during midday trading on Monday, reaching $20.93. 32,449 shares of the company were exchanged, compared to its average volume of 24,037. The stock’s 50-day moving average price is $19.80 and its 200-day moving average price is $18.55. The Central and Eastern Europe Fund has a one year low of $14.25 and a one year high of $21.98.
Institutional Trading of The Central and Eastern Europe Fund
Several institutional investors have recently modified their holdings of CEE. XTX Topco Ltd bought a new stake in shares of The Central and Eastern Europe Fund in the second quarter worth $179,000. Raymond James Financial Inc. grew its stake in shares of 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 worth $259,000 after purchasing an additional 1,291 shares during the last quarter. Silver Point Capital L.P. grew its stake 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 purchasing an additional 4,900 shares during the last quarter. Osaic Holdings Inc. bought a new stake in shares of The Central and Eastern Europe Fund in the second quarter worth $128,000. Finally, Bulldog Investors LLP grew its stake in shares of 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 during the last quarter. 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.
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