Short Interest in The European Equity Fund, Inc. (NYSE:EEA) Rises By 2,800.0%

The European Equity Fund, Inc. (NYSE:EEA) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,900 shares, a growth of 2,800.0% from the October 15th total of 100 shares. Based on an average trading volume of 7,200 shares, the short-interest ratio is currently 0.4 days.

The European Equity Fund Trading Down 1.5 %

Shares of NYSE EEA opened at $8.58 on Wednesday. The European Equity Fund has a 52 week low of $7.92 and a 52 week high of $9.47. The firm has a 50-day moving average price of $9.07 and a 200 day moving average price of $9.06.

Hedge Funds Weigh In On The European Equity Fund

Hedge funds have recently added to or reduced their stakes in the business. Logan Stone Capital LLC purchased a new stake in shares of The European Equity Fund during the second quarter worth about $117,000. Wolverine Asset Management LLC grew its holdings in shares of The European Equity Fund by 55.8% during the second quarter. Wolverine Asset Management LLC now owns 32,733 shares of the financial services provider’s stock worth $294,000 after buying an additional 11,723 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of The European Equity Fund by 1.6% during the first quarter. Lazard Asset Management LLC now owns 192,009 shares of the financial services provider’s stock worth $1,710,000 after buying an additional 3,098 shares in the last quarter. Shaker Financial Services LLC grew its holdings in shares of The European Equity Fund by 4.0% during the second quarter. Shaker Financial Services LLC now owns 375,603 shares of the financial services provider’s stock worth $3,374,000 after buying an additional 14,576 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of The European Equity Fund by 2.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 696,458 shares of the financial services provider’s stock worth $6,255,000 after buying an additional 13,335 shares in the last quarter. 51.94% of the stock is currently owned by hedge funds and other institutional investors.

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.