The European Equity Fund, Inc. (NYSE:EEA) Short Interest Update

The European Equity Fund, Inc. (NYSE:EEA) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 8,700 shares, an increase of 190.0% from the February 28th total of 3,000 shares. Based on an average daily volume of 25,800 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On The European Equity Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Almitas Capital LLC purchased a new stake in The European Equity Fund in the 4th quarter worth approximately $131,000. Bank of America Corp DE boosted its position in shares of The European Equity Fund by 5,436.4% in the fourth quarter. Bank of America Corp DE now owns 21,149 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 20,767 shares during the period. Wolverine Asset Management LLC increased its stake in shares of The European Equity Fund by 18.2% in the fourth quarter. Wolverine Asset Management LLC now owns 48,512 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 7,459 shares in the last quarter. Finally, Matisse Capital raised its position in shares of The European Equity Fund by 30.9% during the 4th quarter. Matisse Capital now owns 80,898 shares of the financial services provider’s stock valued at $659,000 after purchasing an additional 19,089 shares during the period. 51.94% of the stock is currently owned by hedge funds and other institutional investors.

The European Equity Fund Stock Down 0.4 %

Shares of EEA stock opened at $9.19 on Friday. The European Equity Fund has a 12 month low of $8.05 and a 12 month high of $9.48. The company has a 50 day simple moving average of $8.96 and a two-hundred day simple moving average of $8.81.

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.