The European Equity Fund, Inc. (NYSE:EEA) Short Interest Up 466.7% in June

The European Equity Fund, Inc. (NYSE:EEA) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 5,100 shares, an increase of 466.7% from the May 31st total of 900 shares. Based on an average trading volume of 9,700 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On The European Equity Fund

Several institutional investors have recently bought and sold shares of the company. Shaker Financial Services LLC lifted its position in The European Equity Fund by 5.9% during the fourth quarter. Shaker Financial Services LLC now owns 326,171 shares of the financial services provider’s stock valued at $2,863,000 after purchasing an additional 18,188 shares during the period. Uncommon Cents Investing LLC lifted its position in The European Equity Fund by 1.6% during the first quarter. Uncommon Cents Investing LLC now owns 305,063 shares of the financial services provider’s stock valued at $2,718,000 after purchasing an additional 4,750 shares during the period. Lazard Asset Management LLC lifted its position in The European Equity Fund by 1.6% during 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 purchasing an additional 3,098 shares during the period. Matisse Capital acquired a new position in The European Equity Fund during the first quarter valued at $330,000. Finally, Wolverine Asset Management LLC lifted its position in The European Equity Fund by 8.5% during the fourth quarter. Wolverine Asset Management LLC now owns 16,789 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 1,315 shares during the period. 51.94% of the stock is currently owned by institutional investors and hedge funds.

The European Equity Fund Stock Performance

Shares of NYSE:EEA traded down $0.01 during trading on Friday, reaching $8.98. 551 shares of the company were exchanged, compared to its average volume of 9,514. The business’s fifty day simple moving average is $9.00 and its 200-day simple moving average is $8.79. The European Equity Fund has a 12-month low of $7.45 and a 12-month high of $9.40.

The European Equity Fund Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, June 4th. Investors of record on Friday, May 24th were issued a dividend of $0.0376 per share. This represents a yield of 1.9%. The ex-dividend date of this dividend was Thursday, May 23rd.

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.