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

The Central and Eastern Europe Fund, Inc. (NYSE:CEE) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 32,300 shares, a decrease of 26.1% from the February 13th total of 43,700 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 62,400 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On The Central and Eastern Europe Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Uncommon Cents Investing LLC boosted its stake 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 valued at $888,000 after purchasing an additional 1,700 shares during the period. Stifel Financial Corp lifted its holdings 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 buying an additional 2,616 shares during the last quarter. Rangeley Capital LLC bought a new stake in shares of The Central and Eastern Europe Fund in the fourth quarter valued at approximately $1,212,000. Truffle Hound Capital LLC acquired a new stake in shares of The Central and Eastern Europe Fund in the fourth quarter worth $1,638,000. Finally, Almitas Capital LLC increased its position in 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 acquiring an additional 1,983 shares during the period. 34.41% of the stock is owned by institutional investors and hedge funds.

The Central and Eastern Europe Fund Stock Performance

Shares of CEE traded up $0.26 during trading hours on Monday, hitting $15.35. 209,551 shares of the company were exchanged, compared to its average volume of 32,350. The firm’s 50 day moving average is $13.54 and its 200-day moving average is $11.97. The Central and Eastern Europe Fund has a 52 week low of $9.11 and a 52 week high of $16.71.

The Central and Eastern Europe Fund Cuts Dividend

The company also recently declared an annual dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, December 30th were issued a dividend of $0.3532 per share. This represents a yield of 3.2%. The ex-dividend date of this dividend was Monday, December 30th.

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.