The Central and Eastern Europe Fund, Inc. (NYSE:CEE - Get Free Report) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 32,300 shares, a drop of 26.1% from the February 13th total of 43,700 shares. Based on an average trading volume of 62,400 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the shares of the company are short sold.
The Central and Eastern Europe Fund Trading Down 1.3 %
Shares of CEE stock traded down $0.19 during midday trading on Thursday, hitting $14.96. The company had a trading volume of 35,905 shares, compared to its average volume of 33,255. The company's 50 day simple moving average is $13.85 and its 200 day simple moving average is $12.08. The Central and Eastern Europe Fund has a 52-week low of $9.11 and a 52-week high of $16.71.
Hedge Funds Weigh In On The Central and Eastern Europe Fund
Hedge funds and other institutional investors have recently bought and sold shares of the company. Uncommon Cents Investing LLC raised its position in 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 buying an additional 1,700 shares during the last quarter. Stifel Financial Corp raised its holdings in 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 in the last quarter. Almitas Capital LLC lifted its position in The Central and Eastern Europe Fund by 1.1% in the fourth 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 during the period. Rangeley Capital LLC purchased a new stake in The Central and Eastern Europe Fund in the 4th quarter valued at approximately $1,212,000. Finally, Truffle Hound Capital LLC acquired a new position in The Central and Eastern Europe Fund during the 4th quarter worth approximately $1,638,000. 34.41% of the stock is currently owned by hedge funds and other institutional investors.
The Central and Eastern Europe Fund Company Profile
(
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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.
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