The European Equity Fund, Inc. (NYSE:EEA) Short Interest Down 34.8% in May

The European Equity Fund, Inc. (NYSE:EEA) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 5,800 shares, a decrease of 34.8% from the May 15th total of 8,900 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 22,700 shares, the short-interest ratio is presently 0.3 days.

The European Equity Fund Stock Up 0.3%

EEA stock opened at $9.99 on Tuesday. The European Equity Fund has a twelve month low of $8.05 and a twelve month high of $10.18. The business has a 50 day moving average of $9.56 and a 200 day moving average of $9.02.

The European Equity Fund Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, June 6th. Investors of record on Tuesday, May 27th were given a dividend of $0.0297 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a dividend yield of 1.8%.

Institutional Trading of The European Equity Fund

A number of institutional investors have recently bought and sold shares of EEA. Almitas Capital LLC lifted its stake in shares of The European Equity Fund by 297.7% during the 1st quarter. Almitas Capital LLC now owns 63,976 shares of the financial services provider’s stock worth $582,000 after acquiring an additional 47,889 shares during the last quarter. Ancora Advisors LLC acquired a new position in The European Equity Fund in the 1st quarter worth approximately $182,000. Wolverine Asset Management LLC grew its holdings in The European Equity Fund by 23.5% during the first quarter. Wolverine Asset Management LLC now owns 59,898 shares of the financial services provider’s stock worth $545,000 after acquiring an additional 11,386 shares during the period. Shaker Financial Services LLC grew its stake in The European Equity Fund by 30.2% in the 1st quarter. Shaker Financial Services LLC now owns 392,572 shares of the financial services provider’s stock valued at $3,572,000 after acquiring an additional 91,113 shares during the period. Finally, Matisse Capital boosted its holdings in The European Equity Fund by 132.5% in the 1st quarter. Matisse Capital now owns 188,070 shares of the financial services provider’s stock worth $1,711,000 after buying an additional 107,172 shares during the last quarter. 51.94% of the stock is currently owned by institutional investors.

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.