The European Equity Fund, Inc. (NYSE:EEA) Short Interest Down 75.0% in January

The European Equity Fund, Inc. (NYSE:EEA) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 2,300 shares, a decrease of 75.0% from the December 31st total of 9,200 shares. Based on an average daily trading volume, of 15,100 shares, the short-interest ratio is presently 0.2 days.

The European Equity Fund Price Performance

Shares of EEA traded up $0.03 during mid-day trading on Wednesday, hitting $8.67. 4,362 shares of the company’s stock were exchanged, compared to its average volume of 29,637. The European Equity Fund has a fifty-two week low of $8.05 and a fifty-two week high of $9.47. The business’s 50 day moving average is $8.44 and its two-hundred day moving average is $8.82.

The European Equity Fund Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Wolverine Asset Management LLC grew its holdings in The European Equity Fund by 25.4% in the third quarter. Wolverine Asset Management LLC now owns 41,053 shares of the financial services provider’s stock valued at $385,000 after purchasing an additional 8,320 shares during the last quarter. Matisse Capital boosted its position in shares of The European Equity Fund by 30.9% in the 4th quarter. Matisse Capital now owns 80,898 shares of the financial services provider’s stock worth $659,000 after buying an additional 19,089 shares in the last quarter. Finally, Shaker Financial Services LLC grew its stake in The European Equity Fund by 1.0% in the 3rd quarter. Shaker Financial Services LLC now owns 379,304 shares of the financial services provider’s stock valued at $3,558,000 after acquiring an additional 3,701 shares during the last quarter. Hedge funds and other institutional investors own 51.94% of the company’s stock.

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.