The Central and Eastern Europe Fund (NYSE:CEE) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.66 and traded as low as $15.54. The Central and Eastern Europe Fund shares last traded at $15.79, with a volume of 22,845 shares.

The Central and Eastern Europe Fund Price Performance

The business has a 50-day simple moving average of $15.64 and a 200-day simple moving average of $15.66.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Silver Point Capital L.P. purchased a new stake in shares of The Central and Eastern Europe Fund during the 1st quarter worth $736,000. Freestone Capital Holdings LLC acquired a new stake in The Central and Eastern Europe Fund in the first quarter valued at $649,000. Accretive Wealth Partners LLC purchased a new stake in The Central and Eastern Europe Fund during the 1st quarter worth about $367,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of The Central and Eastern Europe Fund during the 1st quarter worth about $306,000. Finally, Fifth Lane Capital LP purchased a new position in shares of The Central and Eastern Europe Fund in the 1st quarter valued at about $283,000. 34.41% of the stock is currently owned by institutional investors and hedge funds.

The Central and Eastern Europe Fund Company Profile

The Central and Eastern Europe Fund, Inc is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets across Central and Eastern Europe. The fund seeks to invest in stocks of companies operating across diversified sectors.