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

The European Equity Fund, Inc. (NYSE:EEA - Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 7,300 shares, a decline of 16.1% from the March 15th total of 8,700 shares. Based on an average daily volume of 24,700 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company's stock are sold short.

Hedge Funds Weigh In On The European Equity Fund

Several large investors have recently made changes to their positions in the business. Matisse Capital boosted its position in shares of The European Equity Fund by 132.5% in the first quarter. Matisse Capital now owns 188,070 shares of the financial services provider's stock valued at $1,711,000 after acquiring an additional 107,172 shares during the period. Bank of America Corp DE boosted its holdings in The European Equity Fund by 5,436.4% in the 4th 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 period. Almitas Capital LLC acquired a new stake in The European Equity Fund in the 4th quarter worth $131,000. Finally, Wolverine Asset Management LLC increased its holdings in shares of The European Equity Fund by 18.2% during the 4th quarter. Wolverine Asset Management LLC now owns 48,512 shares of the financial services provider's stock worth $395,000 after purchasing an additional 7,459 shares during the period. Institutional investors and hedge funds own 51.94% of the company's stock.

The European Equity Fund Price Performance

Shares of NYSE:EEA traded up $0.04 on Friday, reaching $9.38. The company had a trading volume of 7,098 shares, compared to its average volume of 14,801. The stock has a 50-day moving average price of $9.02 and a 200 day moving average price of $8.76. The European Equity Fund has a twelve month low of $8.05 and a twelve month high of $9.48.

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.