The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Stock Short Interest Rises 418.2%

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 3,021 shares, an increase of 418.2% from the September 30th total of 583 shares. Based on an average trading volume of 11,511 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of The Central and Eastern Europe Fund

Several institutional investors have recently added to or reduced their stakes in CEE. Janney Montgomery Scott LLC lifted its stake 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 worth $640,000 after acquiring an additional 688 shares during the period. Patriot Financial Group Insurance Agency LLC increased 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 purchasing an additional 12,793 shares in the last quarter. Susquehanna International Group LLP bought a new position in The Central and Eastern Europe Fund during the 2nd quarter valued at approximately $282,000. Wealth Care LLC bought a new position in shares of The Central and Eastern Europe Fund during the first quarter valued at $584,000. Finally, Weiss Asset Management LP raised its holdings in The Central and Eastern Europe Fund by 67.2% in the first quarter. Weiss Asset Management LP now owns 90,968 shares of the closed-end fund’s stock worth $1,665,000 after buying an additional 36,569 shares during the last quarter. 34.41% of the stock is currently owned by hedge funds and other institutional investors.

The Central and Eastern Europe Fund Trading Up 0.5%

The Central and Eastern Europe Fund stock traded up $0.09 during mid-day trading on Tuesday, hitting $18.82. 5,507 shares of the company traded hands, compared to its average volume of 23,260. The stock has a fifty day moving average price of $19.44 and a 200-day moving average price of $19.77. The Central and Eastern Europe Fund has a one year low of $14.82 and a one year high of $21.98.

About The Central and Eastern Europe Fund

The Central and Eastern Europe Fund, Inc (NYSE: CEE) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies located in, or with significant business activities in, Central and Eastern Europe.

The fund provides investors with diversified exposure to regional public markets across sectors such as financial services, industrials, consumer goods, energy, telecommunications and utilities. Its portfolio may include companies in countries such as Poland, Hungary, the Czech Republic, Turkey and other emerging European markets, although geographic and sector allocations can change over time.

The fund was established in 1990 and was formerly known as The Central European Equity Fund, Inc It is managed by an investment adviser within the abrdn asset-management organization.