The European Equity Fund, Inc. (NYSE:EEA – Get Free Report) 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
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.
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