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

The European Equity Fund, Inc. (NYSE:EEA) was the target 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. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 60,698 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On The European Equity Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC acquired a new stake in shares of The European Equity Fund during the 4th quarter worth approximately $76,000. Spirepoint Private Client LLC bought a new stake in shares of The European Equity Fund during the 4th quarter worth $117,000. Citadel Advisors LLC bought a new stake in shares of The European Equity Fund during the 3rd quarter worth $158,000. Blue Bell Private Wealth Management LLC boosted its stake in The European Equity Fund by 18.5% in the fourth 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 in the last quarter. Finally, Shaker Financial Services LLC boosted its stake in The European Equity Fund by 12.7% in the fourth quarter. Shaker Financial Services LLC now owns 502,117 shares of the financial services provider’s stock valued at $5,557,000 after buying an additional 56,564 shares in the last quarter. 51.94% of the stock is currently owned by institutional investors and hedge funds.

The European Equity Fund Stock Up 1.3%

EEA traded up $0.14 on Monday, reaching $10.86. The company had a trading volume of 9,492 shares, compared to its average volume of 43,065. The European Equity Fund has a fifty-two week low of $9.62 and a fifty-two week high of $11.43. The company’s fifty day moving average is $10.66 and its 200 day moving average is $10.62.

The European Equity Fund Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 29th. Stockholders of record on Tuesday, May 26th will be given a $0.2199 dividend. The ex-dividend date of this dividend 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.