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

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The European Equity Fund, Inc. (NYSE:EEA - Get Free Report) saw a large increase in short interest in 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 days-to-cover ratio is currently 0.2 days.

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The European Equity Fund Trading Down 1.2 %

The European Equity Fund stock traded down $0.10 during mid-day trading on Thursday, hitting $8.57. The company had a trading volume of 9,332 shares, compared to its average volume of 8,912. The European Equity Fund has a 12-month low of $7.45 and a 12-month high of $9.26. The company's fifty day moving average is $8.78 and its 200-day moving average is $8.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Shaker Financial Services LLC raised its stake 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 valued at $2,863,000 after purchasing an additional 18,188 shares during the last quarter. Uncommon Cents Investing LLC raised its stake in The European Equity Fund by 1.6% in the 1st quarter. Uncommon Cents Investing LLC now owns 305,063 shares of the financial services provider's stock valued at $2,718,000 after purchasing an additional 4,750 shares during the last quarter. Raymond James & Associates raised 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 valued at $394,000 after purchasing an additional 4,763 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its stake in The European Equity Fund by 8.5% in the 4th quarter. Wolverine Asset Management LLC now owns 16,789 shares of the financial services provider's stock valued at $145,000 after purchasing an additional 1,315 shares during the last quarter. Hedge funds and other institutional investors own 51.94% of the company's stock.

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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