The European Equity Fund, Inc. (NYSE:EEA) Short Interest Update

The European Equity Fund, Inc. (NYSE:EEA) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 8,700 shares, a growth of 190.0% from the February 28th total of 3,000 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 25,800 shares, the days-to-cover ratio is currently 0.3 days.

The European Equity Fund Stock Performance

Shares of EEA stock traded up $0.03 during trading hours on Thursday, hitting $9.21. The company had a trading volume of 1,989 shares, compared to its average volume of 13,684. The European Equity Fund has a fifty-two week low of $8.05 and a fifty-two week high of $9.48. The company’s fifty day moving average is $8.93 and its 200 day moving average is $8.81.

Hedge Funds Weigh In On The European Equity Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of The European Equity Fund by 5,436.4% in the fourth quarter. Bank of America Corp DE now owns 21,149 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 20,767 shares in the last quarter. Almitas Capital LLC purchased a new stake in shares of The European Equity Fund during the fourth quarter worth $131,000. Wolverine Asset Management LLC increased its position in shares of The European Equity Fund by 18.2% during the fourth quarter. Wolverine Asset Management LLC now owns 48,512 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 7,459 shares during the period. Finally, Matisse Capital boosted its holdings in The European Equity Fund by 30.9% in the fourth quarter. Matisse Capital now owns 80,898 shares of the financial services provider’s stock valued at $659,000 after purchasing an additional 19,089 shares during the period. 51.94% of the stock is currently owned by hedge funds and other 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.