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

The European Equity Fund, Inc. (NYSE:EEA) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 900 shares, a decrease of 55.0% from the August 31st total of 2,000 shares. Based on an average daily volume of 6,000 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On The European Equity Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Logan Stone Capital LLC purchased a new stake in shares of The European Equity Fund in the second quarter valued at about $117,000. Shaker Financial Services LLC increased its holdings in shares of The European Equity Fund by 4.0% during the 2nd quarter. Shaker Financial Services LLC now owns 375,603 shares of the financial services provider’s stock worth $3,374,000 after buying an additional 14,576 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of The European Equity Fund by 55.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 32,733 shares of the financial services provider’s stock valued at $294,000 after buying an additional 11,723 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of The European Equity Fund by 2.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 696,458 shares of the financial services provider’s stock valued at $6,255,000 after buying an additional 13,335 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in The European Equity Fund by 1.6% in the first quarter. Lazard Asset Management LLC now owns 192,009 shares of the financial services provider’s stock valued at $1,710,000 after acquiring an additional 3,098 shares during the last quarter. Hedge funds and other institutional investors own 51.94% of the company’s stock.

The European Equity Fund Stock Down 0.2 %

Shares of EEA opened at $9.45 on Friday. The firm’s fifty day moving average is $9.10 and its two-hundred day moving average is $9.02. The European Equity Fund has a 52-week low of $7.45 and a 52-week high of $9.47.

About The European Equity Fund

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.