Short Interest in The Central and Eastern Europe Fund, Inc. (NYSE:CEE) Drops By 66.9%

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

The Central and Eastern Europe Fund Trading Down 0.5 %

CEE opened at $14.92 on Thursday. The Central and Eastern Europe Fund has a 12-month low of $9.35 and a 12-month high of $16.71. The stock has a fifty day simple moving average of $14.10 and a two-hundred day simple moving average of $12.22.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

A number of institutional investors have recently modified their holdings of CEE. Almitas Capital LLC increased its stake in The Central and Eastern Europe Fund by 1.1% during the 4th quarter. Almitas Capital LLC now owns 180,190 shares of the closed-end fund’s stock valued at $1,968,000 after purchasing an additional 1,983 shares in the last quarter. Truffle Hound Capital LLC bought a new stake in shares of The Central and Eastern Europe Fund in the 4th quarter worth $1,638,000. Rangeley Capital LLC purchased a new position in shares of The Central and Eastern Europe Fund in the fourth quarter worth $1,212,000. Stifel Financial Corp raised its stake in shares of 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 worth $1,044,000 after purchasing an additional 2,616 shares during the last quarter. Finally, Uncommon Cents Investing LLC lifted its holdings in shares of The Central and Eastern Europe Fund by 2.1% during the fourth quarter. Uncommon Cents Investing LLC now owns 81,335 shares of the closed-end fund’s stock valued at $888,000 after purchasing an additional 1,700 shares in the last quarter. 34.41% of the stock is owned by hedge funds and other institutional investors.

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.