The European Equity Fund, Inc. (NYSE:EEA - Get Free Report) was the target of 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 short-interest ratio is presently 0.3 days.
Institutional Trading of The European Equity Fund
Institutional investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC grew its position in 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 valued at $385,000 after buying an additional 8,320 shares in the last quarter. Shaker Financial Services LLC grew its position in The European Equity Fund by 1.0% in the 3rd quarter. Shaker Financial Services LLC now owns 379,304 shares of the financial services provider's stock valued at $3,558,000 after buying an additional 3,701 shares in the last quarter. Logan Stone Capital LLC bought a new position in The European Equity Fund in the 2nd quarter valued at about $117,000. Finally, Allspring Global Investments Holdings LLC grew its position in The European Equity Fund by 2.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 696,458 shares of the financial services provider's stock valued at $6,255,000 after buying an additional 13,335 shares in the last quarter. Institutional investors own 51.94% of the company's stock.
The European Equity Fund Trading Up 1.7 %
Shares of NYSE EEA traded up $0.14 during trading on Friday, reaching $8.60. 5,324 shares of the stock were exchanged, compared to its average volume of 8,436. The business's 50-day moving average price is $8.86 and its 200 day moving average price is $9.02. The European Equity Fund has a twelve month low of $8.19 and a twelve month high of $9.47.
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.
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