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

The European Equity Fund, Inc. (NYSE:EEA) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 800 shares, a decline of 11.1% from the September 15th total of 900 shares. Based on an average trading volume of 5,800 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On The European Equity Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Logan Stone Capital LLC bought a new stake in shares of The European Equity Fund during the 2nd quarter worth about $117,000. Wolverine Asset Management LLC increased its stake in shares of The European Equity Fund by 55.8% during the second quarter. Wolverine Asset Management LLC now owns 32,733 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 11,723 shares during the period. Matisse Capital acquired a new stake in The European Equity Fund during the 1st quarter worth approximately $330,000. Lazard Asset Management LLC boosted its stake in The European Equity Fund by 1.6% in the 1st quarter. Lazard Asset Management LLC now owns 192,009 shares of the financial services provider’s stock valued at $1,710,000 after purchasing an additional 3,098 shares during the period. Finally, Uncommon Cents Investing LLC grew its holdings 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 buying an additional 4,750 shares in the last quarter. 51.94% of the stock is owned by institutional investors.

The European Equity Fund Stock Performance

EEA traded down $0.06 during trading hours on Thursday, hitting $8.97. 1,730 shares of the company’s stock were exchanged, compared to its average volume of 8,284. The stock’s 50-day moving average is $9.16 and its two-hundred day moving average is $9.04. The European Equity Fund has a 1-year low of $7.45 and a 1-year high of $9.47.

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.