The Central and Eastern Europe Fund (NYSE:CEE) Stock Passes Below 50-Day Moving Average – Here’s What Happened

The Central and Eastern Europe Fund, Inc. (NYSE:CEE)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $20.47 and traded as low as $19.57. The Central and Eastern Europe Fund shares last traded at $19.68, with a volume of 64,469 shares.

The Central and Eastern Europe Fund Trading Down 1.3%

The firm’s 50-day moving average is $20.42 and its 200-day moving average is $20.19.

Hedge Funds Weigh In On The Central and Eastern Europe Fund

A number of institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP bought a new stake in The Central and Eastern Europe Fund during the second quarter valued at about $282,000. Almitas Capital LLC bought a new position in shares of The Central and Eastern Europe Fund in the second quarter worth about $3,560,000. Silver Point Capital L.P. purchased a new position in shares of The Central and Eastern Europe Fund during the 2nd quarter valued at about $1,171,967. Royal Bank of Canada purchased a new position in shares of The Central and Eastern Europe Fund during the 1st quarter valued at about $1,036,000. Finally, Weiss Asset Management LP grew its stake in shares of The Central and Eastern Europe Fund by 67.2% during the 1st quarter. Weiss Asset Management LP now owns 90,968 shares of the closed-end fund’s stock valued at $1,665,000 after acquiring an additional 36,569 shares during the period. 34.41% of the stock is owned by institutional investors.

The Central and Eastern Europe Fund Company Profile

The Central and Eastern Europe Fund, Inc (NYSE: CEE) is a closed-end investment company that seeks long-term capital appreciation. The fund invests primarily in equity securities of companies located in Central and Eastern Europe.

Its portfolio may provide exposure to businesses across the region’s developing and emerging markets, with investments potentially spanning sectors such as financial services, industrials, consumer goods, energy and communications. The fund’s geographic focus can include markets such as Poland, the Czech Republic, Hungary and other countries in Central and Eastern Europe, subject to its investment policies and market conditions.

The fund commenced operations in 1990 and is managed as a publicly traded closed-end fund.