Short Interest in The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Declines By 76.8%

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 3,760 shares, a drop of 76.8% from the June 15th total of 16,225 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 28,242 shares, the short-interest ratio is currently 0.1 days.

The Central and Eastern Europe Fund Stock Performance

The Central and Eastern Europe Fund stock opened at $20.83 on Tuesday. The business has a fifty day moving average of $21.00 and a two-hundred day moving average of $19.55. The Central and Eastern Europe Fund has a twelve month low of $14.25 and a twelve month high of $21.98.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

A number of institutional investors have recently added to or reduced their stakes in CEE. Janney Montgomery Scott LLC lifted its position in shares of 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 valued at $640,000 after buying an additional 688 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of The Central and Eastern Europe Fund by 8.4% during the 2nd quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund’s stock worth $259,000 after acquiring an additional 1,291 shares in the last quarter. Investors Research Corp purchased a new stake in The Central and Eastern Europe Fund during the fourth quarter valued at approximately $69,000. Silver Point Capital L.P. boosted its stake in 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 valued at $868,000 after acquiring an additional 4,900 shares in the last quarter. Finally, Osaic Holdings Inc. acquired a new stake in The Central and Eastern Europe Fund in the second quarter valued at approximately $128,000. 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.