Short Interest in The European Equity Fund, Inc. (NYSE:EEA) Grows By 285.4%

The European Equity Fund, Inc. (NYSE:EEA) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 5,407 shares, a growth of 285.4% from the May 31st total of 1,403 shares. Based on an average trading volume of 60,698 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On The European Equity Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Shaker Financial Services LLC increased its position in shares of 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 acquiring an additional 56,564 shares during the period. Citadel Advisors LLC purchased a new stake in shares of The European Equity Fund in the third quarter valued at approximately $158,000. Spirepoint Private Client LLC bought a new position in The European Equity Fund in the fourth quarter worth approximately $117,000. Wolverine Asset Management LLC bought a new position in The European Equity Fund in the fourth quarter worth approximately $76,000. Finally, Blue Bell Private Wealth Management LLC increased its holdings in The European Equity Fund by 18.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 27,146 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 4,232 shares during the period. Institutional investors own 51.94% of the company’s stock.

The European Equity Fund Stock Performance

The European Equity Fund stock traded down $0.05 during mid-day trading on Friday, hitting $10.78. The company’s stock had a trading volume of 75,436 shares, compared to its average volume of 45,485. The company has a 50 day moving average of $10.66 and a 200-day moving average of $10.62. The European Equity Fund has a one year low of $9.62 and a one 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 issued a $0.2199 dividend. The ex-dividend date is Tuesday, May 26th. This is a boost from The European Equity Fund’s previous dividend of $0.17. This represents a dividend yield of 414.0%.

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.