The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 16,225 shares, an increase of 1,182.6% from the May 31st total of 1,265 shares. Based on an average trading volume of 30,215 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.
The Central and Eastern Europe Fund Price Performance
Shares of CEE stock traded up $0.15 during trading hours on Thursday, reaching $20.91. 12,003 shares of the company were exchanged, compared to its average volume of 26,025. The Central and Eastern Europe Fund has a fifty-two week low of $14.25 and a fifty-two week high of $21.98. The stock’s fifty day moving average is $20.93 and its two-hundred day moving average is $19.24.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Royal Bank of Canada bought a new position in The Central and Eastern Europe Fund in the 1st quarter valued at $1,036,000. Weiss Asset Management LP raised its position in shares of The Central and Eastern Europe Fund by 67.2% during the first quarter. Weiss Asset Management LP now owns 90,968 shares of the closed-end fund’s stock worth $1,665,000 after acquiring an additional 36,569 shares during the last quarter. Wealth Care LLC acquired a new position in shares of The Central and Eastern Europe Fund during the first quarter valued at $584,000. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of The Central and Eastern Europe Fund by 67.4% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 31,768 shares of the closed-end fund’s stock valued at $581,000 after acquiring an additional 12,793 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in The Central and Eastern Europe Fund by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 34,980 shares of the closed-end fund’s stock valued at $640,000 after acquiring 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 Company Profile
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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