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

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) was the target of a large decline in short interest in the month of 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 trading volume of 73,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

Several hedge funds have recently made changes to their positions in CEE. Almitas Capital LLC lifted its position 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 worth $1,968,000 after acquiring an additional 1,983 shares during the period. Stifel Financial Corp raised its stake in shares of The Central and Eastern Europe Fund by 2.8% during 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. Rangeley Capital LLC acquired a new stake in shares of The Central and Eastern Europe Fund during the fourth quarter worth $1,212,000. Truffle Hound Capital LLC purchased a new position in The Central and Eastern Europe Fund in the 4th quarter valued at $1,638,000. Finally, Uncommon Cents Investing LLC increased its stake in The Central and Eastern Europe Fund by 2.1% in the 4th quarter. Uncommon Cents Investing LLC now owns 81,335 shares of the closed-end fund’s stock valued at $888,000 after buying an additional 1,700 shares during the period. Institutional investors and hedge funds own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Stock Down 1.5 %

NYSE:CEE traded down $0.23 during trading hours on Friday, reaching $14.82. 31,745 shares of the company’s stock were exchanged, compared to its average volume of 33,693. The Central and Eastern Europe Fund has a 1-year low of $9.37 and a 1-year high of $16.71. 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 Company Profile

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.