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


The Central and Eastern Europe Fund, Inc. (NYSE: EECGet a rating) was the target of a significant drop in short rates during the month of April. As of April 15, there was short interest totaling 70,800 shares, down 33.4% from the March 31 total of 106,300 shares. Based on an average trading volume of 106,900 shares, the short-term interest rate ratio is currently 0.7 days.

The action of the Fund for Central and Eastern Europe opened at $11.41 on Friday. The company’s 50-day simple moving average is $11.29 and its 200-day simple moving average is $21.28. The Central and Eastern European Fund has a 12-month low of $7.15 and a 12-month high of $31.46.

A number of institutional investors have been buying and selling stocks recently. Morgan Stanley increased its holdings in the Central and Eastern Europe Fund by 7.3% in the second quarter. Morgan Stanley now owns 12,607 shares of the closed-end fund worth $354,000 after acquiring 855 additional shares in the last quarter. Bank of America Corp DE increased its holdings in the Central and Eastern Europe Fund by 56.9% during the second quarter. Bank of America Corp DE now owns 6,339 shares of the closed-end fund worth $178,000 after buying 2,298 additional shares in the last quarter. Wolverine Asset Management LLC increased its holdings in the Central and Eastern Europe Fund by 21.3% during the third quarter. Wolverine Asset Management LLC now owns 23,498 shares of the closed-end fund worth $678,000 after purchasing an additional 4,128 shares in the last quarter. Bulldog Investors LLP increased its holdings in the Central and Eastern Europe Fund by 65.2% during the fourth quarter. Bulldog Investors LLP now owns 24,694 shares of the closed-end fund worth $652,000 after purchasing an additional 9,742 shares in the last quarter. Finally, Uncommon Cents Investing LLC increased its holdings in The Central and Eastern Europe Fund by 23.2% during the first quarter. Uncommon Cents Investing LLC now owns 76,965 shares of the closed-end fund worth $1,031,000 after purchasing an additional 14,488 shares in the last quarter. Institutional investors and hedge funds hold 49.35% of the company’s shares.

About the Central and Eastern Europe Fund (Get a rating)

The Central and Eastern Europe Fund, Inc is a closed-end mutual fund launched by Deutsche Investment Management Americas Inc. The fund is managed by Deutsche Asset Management International GmbH. It invests in public stock markets in Central and Eastern Europe. The fund seeks to invest in shares of companies operating in diversified sectors.

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Mary I. Bruner