The European Equity Fund, Inc. (NYSE:EEA) Short Interest Down 67.0% in February

The European Equity Fund, Inc. (NYSE:EEA) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 3,000 shares, a decrease of 67.0% from the February 13th total of 9,100 shares. Based on an average trading volume of 25,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

The European Equity Fund Stock Performance

Shares of NYSE:EEA traded up $0.07 on Friday, reaching $9.10. 41,582 shares of the company’s stock were exchanged, compared to its average volume of 26,132. The company has a fifty day moving average of $8.77 and a 200-day moving average of $8.82. The European Equity Fund has a twelve month low of $8.05 and a twelve month high of $9.48.

The European Equity Fund Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, December 30th were given a dividend of $0.141 per share. This represents a dividend yield of 2.1%. The ex-dividend date was Monday, December 30th. This is a positive change from The European Equity Fund’s previous semi-annual dividend of $0.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EEA. Almitas Capital LLC acquired a new stake in shares of The European Equity Fund during the 4th quarter worth approximately $131,000. Bank of America Corp DE boosted its position in shares of The European Equity Fund by 5,436.4% during the 4th 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 in the last quarter. Wolverine Asset Management LLC boosted its position in shares of The European Equity Fund by 25.4% during the 3rd quarter. Wolverine Asset Management LLC now owns 41,053 shares of the financial services provider’s stock worth $385,000 after acquiring an additional 8,320 shares in the last quarter. Finally, Matisse Capital boosted its position in shares of 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 acquiring an additional 19,089 shares in the last quarter. Institutional investors and hedge funds own 51.94% of the company’s stock.

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.