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

The European Equity Fund, Inc. (NYSE:EEA) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 3,491 shares, a drop of 35.4% from the June 15th total of 5,407 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 34,273 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On The European Equity Fund

Institutional investors have recently modified their holdings of the business. Wolverine Asset Management LLC bought a new position in The European Equity Fund in the fourth quarter worth about $76,000. Spirepoint Private Client LLC acquired a new position in shares of The European Equity Fund during the fourth quarter valued at $117,000. Citadel Advisors LLC bought a new position in shares of The European Equity Fund during the third quarter worth about $158,000. Blue Bell Private Wealth Management LLC grew its position in shares of The European Equity Fund by 18.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 27,146 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 4,232 shares during the last quarter. Finally, Shaker Financial Services LLC increased its holdings in shares of The European Equity Fund by 12.7% in the 4th quarter. Shaker Financial Services LLC now owns 502,117 shares of the financial services provider’s stock worth $5,557,000 after acquiring an additional 56,564 shares during the period. Institutional investors own 51.94% of the company’s stock.

The European Equity Fund Price Performance

EEA stock opened at $10.83 on Friday. The stock’s 50 day simple moving average is $10.77 and its 200 day simple moving average is $10.63. The European Equity Fund has a 12-month low of $9.62 and a 12-month high of $11.43.

The European Equity Fund Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, June 29th. Stockholders of record on Tuesday, May 26th were given a $0.2199 dividend. This represents a dividend yield of 414.0%. The ex-dividend date was Tuesday, May 26th. This is an increase from The European Equity Fund’s previous dividend of $0.17.

About The European Equity Fund

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.