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

The European Equity Fund, Inc. (NYSE:EEA) saw a large decrease in short interest in 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 volume of 15,100 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of The European Equity Fund

A number of institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC raised its position in shares of 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 acquiring an additional 8,320 shares in the last quarter. Matisse Capital raised its holdings in 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. Finally, Shaker Financial Services LLC raised its holdings in 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 in the last quarter. 51.94% of the stock is owned by hedge funds and other institutional investors.

The European Equity Fund Trading Up 0.3 %

Shares of NYSE:EEA traded up $0.03 during trading hours on Wednesday, reaching $8.67. The stock had a trading volume of 4,362 shares, compared to its average volume of 29,637. The European Equity Fund has a 1 year low of $8.05 and a 1 year high of $9.47. The firm’s 50 day moving average is $8.44 and its 200-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. Investors of record on Monday, December 30th will be issued a $0.141 dividend. This represents a yield of 2.1%. The ex-dividend date is 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.