The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Short Interest Update

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 10,700 shares, a decline of 66.9% from the February 28th total of 32,300 shares. Based on an average daily volume of 73,100 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Uncommon Cents Investing LLC boosted its stake in shares of The Central and Eastern Europe Fund by 2.1% during the 4th quarter. Uncommon Cents Investing LLC now owns 81,335 shares of the closed-end fund’s stock worth $888,000 after acquiring an additional 1,700 shares in the last quarter. Stifel Financial Corp grew its holdings in The Central and Eastern Europe Fund by 2.8% in the fourth quarter. Stifel Financial Corp now owns 95,579 shares of the closed-end fund’s stock valued at $1,044,000 after purchasing an additional 2,616 shares during the last quarter. Rangeley Capital LLC purchased a new position in shares of The Central and Eastern Europe Fund in the fourth quarter valued at $1,212,000. Truffle Hound Capital LLC acquired a new position in shares of The Central and Eastern Europe Fund during the 4th quarter worth $1,638,000. Finally, Almitas Capital LLC boosted its position in shares of The Central and Eastern Europe Fund by 1.1% in the 4th quarter. Almitas Capital LLC now owns 180,190 shares of the closed-end fund’s stock worth $1,968,000 after buying an additional 1,983 shares in the last quarter. 34.41% of the stock is currently owned by institutional investors and hedge funds.

The Central and Eastern Europe Fund Stock Performance

Shares of NYSE:CEE traded down $0.23 on Friday, reaching $14.82. 31,745 shares of the company were exchanged, compared to its average volume of 33,693. The company has a 50-day moving average of $14.21 and a 200-day moving average of $12.27. The Central and Eastern Europe Fund has a 1-year low of $9.37 and a 1-year high of $16.71.

About The Central and Eastern Europe Fund

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.