The European Equity Fund, Inc. (NYSE:EEA) Short Interest Down 47.1% in February

The European Equity Fund, Inc. (NYSE:EEA - Get Free Report) was the recipient of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 9,100 shares, a drop of 47.1% from the January 31st total of 17,200 shares. Based on an average daily volume of 20,300 shares, the days-to-cover ratio is currently 0.4 days.

The European Equity Fund Price Performance

NYSE:EEA traded up $0.20 during mid-day trading on Monday, hitting $9.16. 10,342 shares of the stock traded hands, compared to its average volume of 21,579. The business's 50-day moving average price is $8.59 and its 200 day moving average price is $8.81. 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 company also recently announced a semi-annual dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, December 30th were issued a dividend of $0.141 per share. This is an increase from The European Equity Fund's previous semi-annual dividend of $0.04. The ex-dividend date was Monday, December 30th. This represents a dividend yield of 2.1%.

Institutional Trading of The European Equity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Almitas Capital LLC purchased a new stake in The European Equity Fund in the fourth quarter worth about $131,000. Bank of America Corp DE grew its holdings in shares of The European Equity Fund by 5,436.4% in the fourth 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. Wolverine Asset Management LLC lifted its holdings in shares of The European Equity Fund by 25.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 41,053 shares of the financial services provider's stock worth $385,000 after buying an additional 8,320 shares during the period. Matisse Capital increased its holdings 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 buying an additional 19,089 shares during the period. Finally, Shaker Financial Services LLC boosted its stake in The European Equity Fund by 1.0% in 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 acquiring an additional 3,701 shares in 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.