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

The European Equity Fund, Inc. (NYSE:EEA) was the target of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 9,000 shares, a growth of 309.1% from the July 31st total of 2,200 shares. Based on an average daily volume of 8,700 shares, the short-interest ratio is currently 1.0 days.

The European Equity Fund Stock Down 0.1 %

The European Equity Fund stock traded down $0.01 during trading hours on Wednesday, hitting $9.32. The stock had a trading volume of 14,452 shares, compared to its average volume of 8,956. The stock’s fifty day moving average is $9.03 and its two-hundred day moving average is $8.94. The European Equity Fund has a 1-year low of $7.45 and a 1-year high of $9.44.

Institutional Investors Weigh In On The European Equity Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its stake in shares of 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 acquiring an additional 13,335 shares in the last quarter. Shaker Financial Services LLC lifted its stake in The European Equity Fund by 4.0% in the second quarter. Shaker Financial Services LLC now owns 375,603 shares of the financial services provider’s stock valued at $3,374,000 after acquiring an additional 14,576 shares during the last quarter. Uncommon Cents Investing LLC increased its stake in shares of The European Equity Fund by 1.6% during the first quarter. Uncommon Cents Investing LLC now owns 305,063 shares of the financial services provider’s stock worth $2,718,000 after purchasing an additional 4,750 shares during the period. Lazard Asset Management LLC raised its holdings in shares of The European Equity Fund by 1.6% during the 1st quarter. Lazard Asset Management LLC now owns 192,009 shares of the financial services provider’s stock worth $1,710,000 after buying an additional 3,098 shares in the last quarter. Finally, Matisse Capital bought a new position in shares of The European Equity Fund in the 1st quarter valued at $330,000. 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.