The Central and Eastern Europe Fund, Inc. (NYSE:CEE - Get Free Report) saw a large decrease in short interest during 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. 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 company's shares are short sold.
The Central and Eastern Europe Fund Stock Down 2.4 %
The Central and Eastern Europe Fund stock traded down $0.35 during midday trading on Monday, hitting $14.45. 50,587 shares of the stock were exchanged, compared to its average volume of 33,760. The company has a fifty day simple moving average of $14.21 and a two-hundred day simple moving average of $12.30. The Central and Eastern Europe Fund has a 52 week low of $9.37 and a 52 week high of $16.71.
Hedge Funds Weigh In On The Central and Eastern Europe Fund
Several institutional investors and hedge funds have recently made changes to their positions in the company. Uncommon Cents Investing LLC lifted its holdings in 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 worth $888,000 after acquiring an additional 1,700 shares in the last quarter. Almitas Capital LLC raised its position in shares of The Central and Eastern Europe Fund by 1.1% during the fourth quarter. Almitas Capital LLC now owns 180,190 shares of the closed-end fund's stock worth $1,968,000 after purchasing an additional 1,983 shares during the period. Stifel Financial Corp lifted its holdings in shares of The Central and Eastern Europe Fund by 2.8% during the 4th 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 in the last quarter. Rangeley Capital LLC acquired a new position in shares of 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 shares of The Central and Eastern Europe Fund in the 4th quarter valued at approximately $1,638,000. Institutional investors and hedge funds own 34.41% of the company's stock.
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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