The European Equity Fund, Inc. (NYSE:EEA) Sees Significant Decrease in Short Interest

The European Equity Fund, Inc. (NYSE:EEA) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 3,491 shares, a decline of 35.4% from the June 15th total of 5,407 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 34,273 shares, the days-to-cover ratio is currently 0.1 days.

The European Equity Fund Price Performance

Shares of The European Equity Fund stock traded down $0.09 on Friday, hitting $10.84. The company’s stock had a trading volume of 6,701 shares, compared to its average volume of 42,264. The European Equity Fund has a 52-week low of $9.62 and a 52-week high of $11.43. The firm has a fifty day moving average price of $10.77 and a 200-day moving average price of $10.63.

The European Equity Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, June 29th. Shareholders of record on Tuesday, May 26th were given a dividend of $0.2199 per share. The ex-dividend date was Tuesday, May 26th. This is an increase from The European Equity Fund’s previous dividend of $0.17. This represents a yield of 414.0%.

Institutional Trading of The European Equity Fund

Several large investors have recently modified their holdings of the business. Citadel Advisors LLC purchased a new position in shares of The European Equity Fund during the 3rd quarter worth approximately $158,000. Spirepoint Private Client LLC acquired a new position in shares of The European Equity Fund during the 4th quarter worth approximately $117,000. Shaker Financial Services LLC lifted its stake in The European Equity Fund by 12.7% in the 4th quarter. Shaker Financial Services LLC now owns 502,117 shares of the financial services provider’s stock valued at $5,557,000 after buying an additional 56,564 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in The European Equity Fund during the 4th quarter valued at $76,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in The European Equity Fund by 18.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 27,146 shares of the financial services provider’s stock valued at $280,000 after buying an additional 4,232 shares during the last quarter. 51.94% of the stock is currently owned by institutional investors and hedge funds.

About The European Equity Fund

The European Equity Fund, Inc (NYSE: EEA) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of issuers located in European countries. Listed on the New York Stock Exchange, the Fund offers U.S. and international investors access to a diversified portfolio of publicly traded European companies, spanning a variety of industries and market capitalizations.

The Fund’s investment strategy is built on fundamental, bottom-up research and active portfolio management.