The European Equity Fund, Inc. (NYSE:EEA) Short Interest Update

The European Equity Fund, Inc. (NYSE:EEA) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 9,100 shares, a decline of 47.1% from the January 31st total of 17,200 shares. Based on an average trading volume of 20,300 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of The European Equity Fund

A number of institutional investors have recently bought and sold shares of the business. Matisse Capital boosted its position in shares of The European Equity Fund by 30.9% during the fourth quarter. Matisse Capital now owns 80,898 shares of the financial services provider’s stock worth $659,000 after purchasing an additional 19,089 shares in the last quarter. Wolverine Asset Management LLC lifted its position in The European Equity Fund by 25.4% during the 3rd quarter. Wolverine Asset Management LLC now owns 41,053 shares of the financial services provider’s stock worth $385,000 after buying an additional 8,320 shares in the last quarter. Shaker Financial Services LLC lifted its position in The European Equity Fund by 1.0% during the 3rd quarter. Shaker Financial Services LLC now owns 379,304 shares of the financial services provider’s stock worth $3,558,000 after buying an additional 3,701 shares in the last quarter. Bank of America Corp DE lifted its position in 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 buying an additional 20,767 shares in the last quarter. Finally, Almitas Capital LLC bought a new stake in The European Equity Fund during the 4th quarter worth about $131,000. Institutional investors and hedge funds own 51.94% of the company’s stock.

The European Equity Fund Price Performance

EEA traded down $0.01 during trading on Friday, reaching $8.96. 15,159 shares of the company’s stock were exchanged, compared to its average volume of 21,940. The company’s fifty day moving average price is $8.59 and its 200-day moving average price is $8.81. The European Equity Fund has a fifty-two week low of $8.05 and a fifty-two week high of $9.47.

The European Equity Fund Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, December 30th were issued a dividend of $0.141 per share. This represents a yield of 2.1%. The ex-dividend date was Monday, December 30th. This is a positive change from The European Equity Fund’s previous semi-annual dividend of $0.04.

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.