The European Equity Fund, Inc. (NYSE:EEA) Short Interest Down 85.7% in April

The European Equity Fund, Inc. (NYSE:EEAGet Rating) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 2,500 shares, a decline of 85.7% from the March 31st total of 17,500 shares. Based on an average daily trading volume, of 16,400 shares, the days-to-cover ratio is currently 0.2 days.

NYSE EEA traded down $0.02 on Wednesday, reaching $8.39. The stock had a trading volume of 215 shares, compared to its average volume of 16,230. The European Equity Fund has a 12-month low of $8.15 and a 12-month high of $12.00. The company’s 50-day moving average is $8.92.

A number of hedge funds and other institutional investors have recently modified their holdings of EEA. Blue Bell Private Wealth Management LLC purchased a new stake in shares of The European Equity Fund during the third quarter worth approximately $62,000. Bank of America Corp DE raised its stake in shares of The European Equity Fund by 15.9% during the fourth quarter. Bank of America Corp DE now owns 18,938 shares of the financial services provider’s stock worth $196,000 after purchasing an additional 2,600 shares during the last quarter. Matisse Capital purchased a new stake in shares of The European Equity Fund during the fourth quarter worth approximately $565,000. LPL Financial LLC raised its stake in shares of The European Equity Fund by 5.3% during the third quarter. LPL Financial LLC now owns 58,560 shares of the financial services provider’s stock worth $653,000 after purchasing an additional 2,970 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of The European Equity Fund by 21.4% during the fourth quarter. Lazard Asset Management LLC now owns 188,911 shares of the financial services provider’s stock worth $1,959,000 after purchasing an additional 33,255 shares during the last quarter. Institutional investors own 53.73% of the company’s stock.

About The European Equity Fund (Get Rating)

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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