The European Equity Fund, Inc. (NYSE:EEA - Get Free Report) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 17,200 shares, an increase of 93.3% from the January 15th total of 8,900 shares. Based on an average trading volume of 19,900 shares, the short-interest ratio is currently 0.9 days.
Institutional Investors Weigh In On The European Equity Fund
Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its position in The European Equity Fund by 5,436.4% during the fourth quarter. Bank of America Corp DE now owns 21,149 shares of the financial services provider's stock valued at $172,000 after purchasing an additional 20,767 shares during the last quarter. Almitas Capital LLC bought a new stake in The European Equity Fund during the fourth quarter valued at approximately $131,000. Wolverine Asset Management LLC lifted its position in The European Equity Fund by 18.2% during the fourth quarter. Wolverine Asset Management LLC now owns 48,512 shares of the financial services provider's stock valued at $395,000 after purchasing an additional 7,459 shares during the last quarter. Matisse Capital lifted its position in The European Equity Fund by 30.9% during the fourth quarter. Matisse Capital now owns 80,898 shares of the financial services provider's stock valued at $659,000 after purchasing an additional 19,089 shares during the last quarter. Finally, Shaker Financial Services LLC lifted its position in The European Equity Fund by 1.0% during the third quarter. Shaker Financial Services LLC now owns 379,304 shares of the financial services provider's stock valued at $3,558,000 after purchasing an additional 3,701 shares during the last quarter. 51.94% of the stock is currently owned by institutional investors.
The European Equity Fund Price Performance
NYSE:EEA traded up $0.04 during mid-day trading on Monday, hitting $9.03. 2,588 shares of the stock traded hands, compared to its average volume of 24,408. The business's 50-day moving average price is $8.50 and its 200 day moving average price is $8.79. The European Equity Fund has a 12-month low of $8.05 and a 12-month high of $9.47.
The European Equity Fund Increases Dividend
The business also recently announced a semi-annual dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, December 30th were given a dividend of $0.141 per share. The ex-dividend date of this dividend was Monday, December 30th. This is a positive change from The European Equity Fund's previous semi-annual dividend of $0.04. This represents a yield of 2.1%.
The European Equity Fund Company Profile
(
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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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