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

Key Points

• Short interest in The European Equity Fund, Inc. (NYSE:EEA) increased by 41.3%, reaching a total of 31,500 shares as of August 15th, from 22,300 shares at the end of July.
• Institutional investors hold over 51.94% of the fund's stock, with notable increases from several hedge funds in their positions during recent quarters.
• As of the latest trading, the fund's stock price is flat at $10.67, with a recent trading volume of 3,203 shares compared to its average of 20,999 shares.

The European Equity Fund, Inc. (NYSE:EEA - Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 31,500 shares, an increase of 41.3% from the July 31st total of 22,300 shares. Based on an average daily trading volume, of 22,300 shares, the short-interest ratio is currently 1.4 days. Based on an average daily trading volume, of 22,300 shares, the short-interest ratio is currently 1.4 days.

The European Equity Fund Trading Down 0.7%

NYSE:EEA traded down $0.08 on Friday, hitting $10.67. The stock had a trading volume of 3,638 shares, compared to its average volume of 19,926. The European Equity Fund has a 1 year low of $8.05 and a 1 year high of $10.89. The firm's fifty day simple moving average is $10.43 and its two-hundred day simple moving average is $9.80.

Institutional Investors Weigh In On The European Equity Fund

Several large investors have recently modified their holdings of the stock. Wolverine Asset Management LLC increased its stake in shares of The European Equity Fund by 23.5% during the 1st quarter. Wolverine Asset Management LLC now owns 59,898 shares of the financial services provider's stock worth $545,000 after purchasing an additional 11,386 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of The European Equity Fund during the 1st quarter worth approximately $182,000. Bank of America Corp DE increased its stake in shares of The European Equity Fund by 5,436.4% during the 4th quarter. Bank of America Corp DE now owns 21,149 shares of the financial services provider's stock worth $172,000 after purchasing an additional 20,767 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of The European Equity Fund by 4.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 694,622 shares of the financial services provider's stock worth $7,106,000 after purchasing an additional 30,826 shares during the last quarter. Finally, Almitas Capital LLC increased its stake in shares of The European Equity Fund by 297.7% during the 1st quarter. Almitas Capital LLC now owns 63,976 shares of the financial services provider's stock worth $582,000 after purchasing an additional 47,889 shares during the last quarter. Hedge funds and other institutional investors own 51.94% of the company's stock.

The European Equity Fund Company Profile

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.