The European Equity Fund, Inc. (NYSE:EEA) Short Interest Up 190.0% in March

The European Equity Fund, Inc. (NYSE:EEA - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 8,700 shares, a growth of 190.0% from the February 28th total of 3,000 shares. Approximately 0.1% of the company's shares are short sold. Based on an average daily volume of 25,800 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EEA. Bank of America Corp DE increased its stake 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 worth $172,000 after acquiring an additional 20,767 shares during the last quarter. Matisse Capital increased its position in The European Equity Fund by 30.9% during 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. Almitas Capital LLC acquired a new position in The European Equity Fund during the fourth quarter valued at approximately $131,000. Finally, Wolverine Asset Management LLC grew its stake 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 worth $395,000 after buying an additional 7,459 shares during the period. 51.94% of the stock is owned by hedge funds and other institutional investors.

The European Equity Fund Stock Down 1.0 %

Shares of EEA traded down $0.09 during mid-day trading on Monday, reaching $9.10. The company had a trading volume of 11,856 shares, compared to its average volume of 24,849. The European Equity Fund has a fifty-two week low of $8.05 and a fifty-two week high of $9.48. The firm has a fifty day simple moving average of $8.96 and a 200-day simple moving average of $8.81.

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.