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

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

Hedge Funds Weigh In On The European Equity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EEA. Shaker Financial Services LLC raised its holdings in shares of The European Equity Fund by 1.0% during the third quarter. Shaker Financial Services LLC now owns 379,304 shares of the financial services provider’s stock worth $3,558,000 after purchasing an additional 3,701 shares during the last quarter. Wolverine Asset Management LLC grew 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 purchasing an additional 8,320 shares during the period. Finally, Logan Stone Capital LLC acquired a new position in shares of The European Equity Fund in the 2nd quarter valued at about $117,000. Hedge funds and other institutional investors own 51.94% of the company’s stock.

The European Equity Fund Stock Down 1.2 %

Shares of The European Equity Fund stock traded down $0.10 during trading on Monday, reaching $8.09. The company’s stock had a trading volume of 52,702 shares, compared to its average volume of 25,615. The European Equity Fund has a 1-year low of $8.07 and a 1-year high of $9.47. The company has a 50-day simple moving average of $8.47 and a two-hundred day simple moving average of $8.87.

The European Equity Fund Increases Dividend

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

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.