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

The European Equity Fund, Inc. (NYSE:EEA) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 2,500 shares, a decline of 13.8% from the October 31st total of 2,900 shares. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Logan Stone Capital LLC bought a new position in shares of The European Equity Fund in the 2nd quarter worth $117,000. Wolverine Asset Management LLC raised its position in 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 valued at $294,000 after purchasing an additional 11,723 shares in the last quarter. Shaker Financial Services LLC lifted its holdings in shares of The European Equity Fund by 4.0% in the 2nd quarter. Shaker Financial Services LLC now owns 375,603 shares of the financial services provider’s stock worth $3,374,000 after acquiring an additional 14,576 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in The European Equity Fund by 2.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 696,458 shares of the financial services provider’s stock worth $6,255,000 after purchasing an additional 13,335 shares during the last quarter. 51.94% of the stock is owned by institutional investors.

The European Equity Fund Price Performance

Shares of The European Equity Fund stock opened at $8.59 on Tuesday. The company’s 50-day moving average price is $8.85 and its 200-day moving average price is $9.01. The European Equity Fund has a 12-month low of $8.19 and a 12-month high of $9.47.

About The European Equity Fund

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.