The European Equity Fund, Inc. (NYSE:EEA) Short Interest Up 132.0% in November

The European Equity Fund, Inc. (NYSE:EEA) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 5,800 shares, an increase of 132.0% from the November 15th total of 2,500 shares. Based on an average daily trading volume, of 9,700 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On The European Equity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC boosted 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 in the last quarter. Shaker Financial Services LLC lifted its position in shares of The European Equity Fund by 1.0% during the 3rd quarter. Shaker Financial Services LLC now owns 379,304 shares of the financial services provider’s stock worth $3,558,000 after buying an additional 3,701 shares during the last quarter. Logan Stone Capital LLC purchased a new stake in shares of The European Equity Fund during the 2nd quarter worth approximately $117,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of The European Equity Fund by 2.0% in 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 in the last quarter. Institutional investors and hedge funds own 51.94% of the company’s stock.

The European Equity Fund Price Performance

Shares of NYSE EEA opened at $8.65 on Friday. The business has a 50-day moving average of $8.74 and a two-hundred day moving average of $8.98. The European Equity Fund has a 1 year low of $8.24 and a 1 year high of $9.47.

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.