The European Equity Fund, Inc. (NYSE:EEA - Get Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 3,300 shares, an increase of 26.9% from the February 29th total of 2,600 shares. Based on an average daily volume of 8,900 shares, the short-interest ratio is presently 0.4 days.
The European Equity Fund Stock Down 0.6 %
NYSE EEA traded down $0.05 during trading hours on Friday, reaching $8.91. The company's stock had a trading volume of 2,637 shares, compared to its average volume of 7,791. The firm's 50-day moving average price is $8.69 and its 200-day moving average price is $8.38. The European Equity Fund has a 1 year low of $7.45 and a 1 year high of $9.26.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Uncommon Cents Investing LLC lifted its holdings in The European Equity Fund by 5.8% in the 4th quarter. Uncommon Cents Investing LLC now owns 300,313 shares of the financial services provider's stock worth $2,595,000 after purchasing an additional 16,505 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in The European Equity Fund in the 3rd quarter worth approximately $123,000. Shaker Financial Services LLC increased its stake in The European Equity Fund by 11.2% in the 3rd quarter. Shaker Financial Services LLC now owns 307,983 shares of the financial services provider's stock worth $2,448,000 after acquiring an additional 31,097 shares during the last quarter. Raymond James & Associates increased its stake in The European Equity Fund by 10.6% in the 3rd quarter. Raymond James & Associates now owns 49,567 shares of the financial services provider's stock worth $394,000 after acquiring an additional 4,763 shares during the last quarter. Finally, CSS LLC IL increased its stake in The European Equity Fund by 27.0% in the 4th quarter. CSS LLC IL now owns 44,307 shares of the financial services provider's stock worth $332,000 after acquiring an additional 9,414 shares during the last quarter. 51.94% of the stock is owned by hedge funds and other institutional investors.
About The European Equity Fund
(
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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.
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