The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,520 shares, a decrease of 70.1% from the August 15th total of 5,084 shares. Based on an average daily volume of 42,193 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.
Institutional Trading of The Central and Eastern Europe Fund
A number of institutional investors and hedge funds have recently bought and sold shares of CEE. Osaic Holdings Inc. acquired a new position in The Central and Eastern Europe Fund during the second quarter valued at approximately $128,000. XTX Topco Ltd acquired a new stake in shares of The Central and Eastern Europe Fund in the second quarter worth $179,000. Raymond James Financial Inc. raised its stake in shares of The Central and Eastern Europe Fund by 8.4% in the 2nd quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund’s stock valued at $259,000 after acquiring an additional 1,291 shares during the period. Susquehanna International Group LLP purchased a new position in The Central and Eastern Europe Fund in the second quarter valued at about $282,000. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in shares of The Central and Eastern Europe Fund by 67.4% in 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 buying an additional 12,793 shares in the last quarter. Institutional investors and hedge funds own 34.41% of the company’s stock.
The Central and Eastern Europe Fund Trading Up 0.3%
Shares of CEE traded up $0.06 during trading hours on Friday, hitting $20.00. The stock had a trading volume of 10,309 shares, compared to its average volume of 27,137. The company’s fifty day simple moving average is $20.64 and its 200 day simple moving average is $20.17. The Central and Eastern Europe Fund has a 12-month low of $14.76 and a 12-month high of $21.98.
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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