The European Equity Fund, Inc. (NYSE:EEA - Get Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 200 shares, a drop of 93.9% from the March 15th total of 3,300 shares. Based on an average daily trading volume, of 9,100 shares, the short-interest ratio is currently 0.0 days.
The European Equity Fund Stock Performance
Shares of The European Equity Fund stock traded down $0.09 during trading on Wednesday, reaching $8.80. The company's stock had a trading volume of 7,289 shares, compared to its average volume of 8,968. The European Equity Fund has a one year low of $7.45 and a one year high of $9.26. The stock has a 50-day moving average price of $8.76 and a two-hundred day moving average price of $8.43.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Shaker Financial Services LLC boosted its stake in shares of 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 valued at $2,863,000 after purchasing an additional 18,188 shares during the last quarter. Wolverine Asset Management LLC raised 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 last quarter. Uncommon Cents Investing LLC raised its position in shares of The European Equity Fund by 5.8% during the 4th quarter. Uncommon Cents Investing LLC now owns 300,313 shares of the financial services provider's stock valued at $2,595,000 after acquiring an additional 16,505 shares during the last quarter. Raymond James & Associates lifted its stake in shares of 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 valued at $394,000 after purchasing an additional 4,763 shares during the period. Finally, CSS LLC IL boosted its position in shares of 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 purchasing an additional 9,414 shares during the last quarter. 51.94% of the stock is currently owned by institutional investors.
The European Equity Fund Company Profile
(
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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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