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

The European Equity Fund, Inc. (NYSE:EEA) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 7,413 shares, a growth of 112.3% from the June 30th total of 3,491 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 40,541 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On The European Equity Fund

A number of large investors have recently bought and sold shares of the company. Shaker Financial Services LLC boosted its position in shares of The European Equity Fund by 12.7% during the 4th 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 in the last quarter. Citadel Advisors LLC acquired a new position in The European Equity Fund in the 3rd quarter worth about $158,000. Blue Bell Private Wealth Management LLC raised its holdings in The European Equity Fund by 18.5% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 27,146 shares of the financial services provider’s stock valued at $280,000 after buying an additional 4,232 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of The European Equity Fund during the fourth quarter valued at $76,000. Finally, Spirepoint Private Client LLC bought a new stake in shares of The European Equity Fund in the 4th quarter valued at about $117,000. 51.94% of the stock is currently owned by institutional investors and hedge funds.

The European Equity Fund Stock Up 0.4%

The European Equity Fund stock traded up $0.04 during trading hours on Tuesday, hitting $10.91. The company had a trading volume of 62,670 shares, compared to its average volume of 41,278. The firm has a 50-day moving average of $10.79 and a 200 day moving average of $10.64. 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 firm also recently disclosed a dividend, which was paid on Monday, June 29th. Shareholders of record on Tuesday, May 26th were paid a $0.2199 dividend. This is a positive change from The European Equity Fund’s previous dividend of $0.17. The ex-dividend date was Tuesday, May 26th. This represents a yield of 414.0%.

About The European Equity Fund

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.