Short Interest in The European Equity Fund, Inc. (NYSE:EEA) Decreases By 34.8%

The European Equity Fund, Inc. (NYSE:EEA) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 5,800 shares, a decrease of 34.8% from the May 15th total of 8,900 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 22,700 shares, the days-to-cover ratio is presently 0.3 days.

The European Equity Fund Stock Performance

EEA opened at $9.99 on Tuesday. The stock’s 50 day simple moving average is $9.56 and its 200 day simple moving average is $9.02. The European Equity Fund has a 1-year low of $8.05 and a 1-year high of $10.18.

The European Equity Fund Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 27th were paid a $0.0297 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a yield of 1.8%.

Institutional Trading of The European Equity Fund

Several large investors have recently modified their holdings of the business. Wolverine Asset Management LLC grew its holdings in The European Equity Fund by 18.2% during the 4th quarter. Wolverine Asset Management LLC now owns 48,512 shares of the financial services provider’s stock valued at $395,000 after buying an additional 7,459 shares during the last quarter. Almitas Capital LLC acquired a new stake in shares of The European Equity Fund during the 4th quarter worth about $131,000. Bank of America Corp DE boosted its stake in shares of The European Equity Fund by 5,436.4% during the 4th quarter. Bank of America Corp DE now owns 21,149 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 20,767 shares during the last quarter. Matisse Capital boosted its holdings in shares of The European Equity Fund by 132.5% during the first quarter. Matisse Capital now owns 188,070 shares of the financial services provider’s stock worth $1,711,000 after purchasing an additional 107,172 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its holdings in shares of The European Equity Fund by 30.2% during the first quarter. Shaker Financial Services LLC now owns 392,572 shares of the financial services provider’s stock worth $3,572,000 after purchasing an additional 91,113 shares during the last quarter. 51.94% of the stock is currently owned by institutional investors and hedge funds.

The European Equity Fund Company Profile

The European Equity 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 of Europe. The fund seeks to invest in the stocks of companies operating across diversified sectors.