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

The European Equity Fund, Inc. (NYSE:EEA) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,700 shares, an increase of 750.0% from the March 31st total of 200 shares. Based on an average daily trading volume, of 9,300 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of The European Equity Fund

Several large investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC grew its position in shares of The European Equity Fund by 8.5% during the 4th quarter. Wolverine Asset Management LLC now owns 16,789 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 1,315 shares during the period. Uncommon Cents Investing LLC raised its stake in shares of The European Equity Fund by 1.6% in the first quarter. Uncommon Cents Investing LLC now owns 305,063 shares of the financial services provider’s stock worth $2,718,000 after buying an additional 4,750 shares during the period. Raymond James & Associates lifted its position in shares of The European Equity Fund by 10.6% during the 3rd quarter. Raymond James & Associates now owns 49,567 shares of the financial services provider’s stock valued at $394,000 after buying an additional 4,763 shares in the last quarter. Finally, Shaker Financial Services LLC increased its holdings in The European Equity Fund by 5.9% in the 4th quarter. Shaker Financial Services LLC now owns 326,171 shares of the financial services provider’s stock worth $2,863,000 after acquiring an additional 18,188 shares in the last quarter. 51.94% of the stock is currently owned by institutional investors.

The European Equity Fund Trading Up 0.2 %

The European Equity Fund stock opened at $8.59 on Friday. The stock has a fifty day moving average of $8.78 and a 200 day moving average of $8.48. The European Equity Fund has a one year low of $7.45 and a one year high of $9.26.

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.