The Central and Eastern Europe Fund, Inc. (NYSE:CEE – Get Rating) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 19,900 shares, a growth of 201.5% from the February 13th total of 6,600 shares. Based on an average daily volume of 31,700 shares, the days-to-cover ratio is presently 0.6 days.
NYSE:CEE traded down $0.12 on Friday, hitting $7.37. 600 shares of the stock were exchanged, compared to its average volume of 45,583. The Central and Eastern Europe Fund has a 52 week low of $7.15 and a 52 week high of $31.46. The company’s 50-day moving average price is $21.44 and its 200 day moving average price is $25.86.
The business also recently declared an annual dividend, which was paid on Friday, January 28th. Stockholders of record on Thursday, December 30th were paid a $0.9531 dividend. The ex-dividend date of this dividend was Wednesday, December 29th. This is a boost from The Central and Eastern Europe Fund’s previous annual dividend of $0.92. This represents a dividend yield of 3.5%.
Several hedge funds have recently made changes to their positions in CEE. Bank of America Corp DE increased its stake in shares of The Central and Eastern Europe Fund by 56.9% in the 2nd quarter. Bank of America Corp DE now owns 6,339 shares of the closed-end fund’s stock valued at $178,000 after acquiring an additional 2,298 shares during the last quarter. Morgan Stanley boosted its position in The Central and Eastern Europe Fund by 7.3% during the 2nd quarter. Morgan Stanley now owns 12,607 shares of the closed-end fund’s stock worth $354,000 after acquiring an additional 855 shares during the last quarter. Shaker Financial Services LLC acquired a new position in The Central and Eastern Europe Fund during the 4th quarter worth approximately $400,000. Bulldog Investors LLP acquired a new position in The Central and Eastern Europe Fund during the 3rd quarter worth approximately $432,000. Finally, Wolverine Asset Management LLC boosted its position in The Central and Eastern Europe Fund by 21.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 23,498 shares of the closed-end fund’s stock worth $678,000 after acquiring an additional 4,128 shares during the last quarter. 49.35% of the stock is owned by institutional investors.
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The Central and Eastern Europe Fund Company Profile (Get Rating)
The Central & Eastern Europe Fund, Inc operates as a closed-end investment trust. It engages in the provision of long-term capital appreciation through investment in equity or equity-linked securities of issuers domiciled in Central Europe, Russia and Turkey. The company was founded on March 6, 1990 and is headquartered in New York, NY.
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