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

Key Points

• Short interest in CEE rose 49.9% to 2,279 shares as of September 15, up from 1,520 shares at the end of August. Despite the increase, shorted shares represent approximately 0.0% of the fund, with a short-interest ratio of 0.2 days.
• Institutional ownership stands at 34.41%, with several investors increasing their positions. Weiss Asset Management and Patriot Financial Group Insurance Agency each raised their holdings by roughly 67%, while Susquehanna International Group and Wealth Care initiated new stakes.
• CEE shares fell $0.76 to $18.12, below both their 50-day moving average of $20.27 and 200-day moving average of $20.22. The fund’s 12-month trading range is $14.76 to $21.98.

The Central and Eastern Europe Fund, Inc. (NYSE:CEE - Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 2,279 shares, an increase of 49.9% from the August 31st total of 1,520 shares. Based on an average trading volume of 11,635 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of The Central and Eastern Europe Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CEE. Janney Montgomery Scott LLC boosted its stake in shares of The Central and Eastern Europe Fund by 2.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,980 shares of the closed-end fund's stock worth $640,000 after buying an additional 688 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position 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 acquiring an additional 12,793 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of The Central and Eastern Europe Fund in the second quarter valued at about $282,000. Wealth Care LLC bought a new stake in The Central and Eastern Europe Fund during the first quarter worth about $584,000. Finally, Weiss Asset Management LP raised its holdings in The Central and Eastern Europe Fund by 67.2% during the first quarter. Weiss Asset Management LP now owns 90,968 shares of the closed-end fund's stock worth $1,665,000 after acquiring an additional 36,569 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 Price Performance

The Central and Eastern Europe Fund stock traded down $0.76 during trading hours on Thursday, hitting $18.12. 11,115 shares of the stock were exchanged, compared to its average volume of 24,320. The business's 50-day moving average is $20.27 and its two-hundred day moving average is $20.22. The Central and Eastern Europe Fund has a 12 month low of $14.76 and a 12 month 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. The fund invests primarily in equity securities of companies located in Central and Eastern Europe.

Its portfolio may provide exposure to businesses across the region's developing and emerging markets, with investments potentially spanning sectors such as financial services, industrials, consumer goods, energy and communications. The fund's geographic focus can include markets such as Poland, the Czech Republic, Hungary and other countries in Central and Eastern Europe, subject to its investment policies and market conditions.

The fund commenced operations in 1990 and is managed as a publicly traded closed-end fund.

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