Short Interest in The European Equity Fund, Inc. (NYSE:EEA) Drops By 55.0%

The European Equity Fund, Inc. (NYSE:EEA) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 900 shares, a decrease of 55.0% from the August 31st total of 2,000 shares. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On The European Equity Fund

Institutional investors have recently bought and sold shares of the company. Logan Stone Capital LLC purchased a new position in shares of The European Equity Fund in the second quarter valued at approximately $117,000. Wolverine Asset Management LLC boosted its position in The European Equity Fund by 55.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 32,733 shares of the financial services provider’s stock valued at $294,000 after buying an additional 11,723 shares during the period. Matisse Capital acquired a new position in shares of The European Equity Fund in the first quarter worth $330,000. Lazard Asset Management LLC increased its position in shares of The European Equity Fund by 1.6% during the first quarter. Lazard Asset Management LLC now owns 192,009 shares of the financial services provider’s stock worth $1,710,000 after acquiring an additional 3,098 shares during the period. Finally, Uncommon Cents Investing LLC increased its position 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 acquiring an additional 4,750 shares during the period. 51.94% of the stock is owned by institutional investors and hedge funds.

The European Equity Fund Trading Down 0.2 %

NYSE:EEA opened at $9.45 on Friday. The company’s 50-day moving average is $9.11 and its two-hundred day moving average is $9.03. The European Equity Fund has a 1-year low of $7.45 and a 1-year high of $9.47.

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.