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The European Equity Fund, Inc. (NYSE:EEA) Short Interest Down 67.0% in February

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The European Equity Fund, Inc. (NYSE:EEA - Get Free Report) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 3,000 shares, a decrease of 67.0% from the February 13th total of 9,100 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 25,100 shares, the short-interest ratio is presently 0.1 days.

The European Equity Fund Price Performance

EEA stock traded up $0.05 during mid-day trading on Monday, reaching $9.15. 26,798 shares of the company traded hands, compared to its average volume of 26,144. The firm's 50 day moving average price is $8.77 and its 200 day moving average price is $8.81. The European Equity Fund has a fifty-two week low of $8.05 and a fifty-two week high of $9.48.

The European Equity Fund Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, January 31st. Investors of record on Monday, December 30th were given a dividend of $0.141 per share. This is a boost from The European Equity Fund's previous semi-annual dividend of $0.04. The ex-dividend date of this dividend was Monday, December 30th. This represents a dividend yield of 2.1%.

Institutional Investors Weigh In On The European Equity Fund

Several institutional investors have recently bought and sold shares of the stock. Almitas Capital LLC purchased a new position in The European Equity Fund during the 4th quarter worth $131,000. Bank of America Corp DE lifted its position in shares of 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 in the last quarter. Wolverine Asset Management LLC boosted its holdings in The European Equity Fund by 25.4% during the third quarter. Wolverine Asset Management LLC now owns 41,053 shares of the financial services provider's stock worth $385,000 after purchasing an additional 8,320 shares during the last quarter. Finally, Matisse Capital grew its position in The European Equity Fund by 30.9% in the 4th quarter. Matisse Capital now owns 80,898 shares of the financial services provider's stock worth $659,000 after purchasing an additional 19,089 shares in the last quarter. Institutional investors own 51.94% of the company's stock.

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About The European Equity Fund

(Get Free Report)

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.

See Also

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