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

The European Equity Fund, Inc. (NYSE:EEA) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,783 shares, a decline of 38.5% from the April 30th total of 2,900 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 49,042 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On The European Equity Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC boosted its position in The European Equity Fund by 18.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 27,146 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 4,232 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of The European Equity Fund in the 4th quarter worth about $76,000. Shaker Financial Services LLC grew its stake in The European Equity Fund by 12.7% during the fourth quarter. Shaker Financial Services LLC now owns 502,117 shares of the financial services provider’s stock worth $5,557,000 after buying an additional 56,564 shares during the period. Spirepoint Private Client LLC acquired a new stake in The European Equity Fund in the 4th quarter valued at $117,000. Finally, Citadel Advisors LLC acquired a new stake in shares of The European Equity Fund in the third quarter valued at about $158,000. Institutional investors and hedge funds own 51.94% of the company’s stock.

The European Equity Fund Stock Performance

Shares of The European Equity Fund stock traded up $0.07 on Thursday, reaching $10.63. 60,250 shares of the company were exchanged, compared to its average volume of 41,580. The stock’s 50 day moving average price is $10.45 and its 200-day moving average price is $10.59. The European Equity Fund has a 1-year low of $9.62 and a 1-year high of $11.43.

The European Equity Fund Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 29th. Stockholders of record on Tuesday, May 26th will be paid a dividend of $0.2199 per share. This represents a dividend yield of 414.0%. This is a boost from The European Equity Fund’s previous dividend of $0.17. The ex-dividend date is Tuesday, May 26th.

The European Equity Fund Company Profile

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.