The European Equity Fund, Inc. (NYSE:EEA) Short Interest Up 112.3% in July

The European Equity Fund, Inc. (NYSE:EEA) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 7,413 shares, an increase of 112.3% from the June 30th total of 3,491 shares. Based on an average daily volume of 40,541 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EEA. Wolverine Asset Management LLC acquired a new stake in shares of The European Equity Fund during the fourth quarter valued at approximately $76,000. Spirepoint Private Client LLC acquired a new stake in shares of The European Equity Fund in the fourth quarter worth $117,000. Citadel Advisors LLC acquired a new stake in shares of The European Equity Fund in the third quarter worth $158,000. Blue Bell Private Wealth Management LLC raised its position in The European Equity Fund by 18.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 27,146 shares of the financial services provider’s stock valued at $280,000 after buying an additional 4,232 shares during the period. Finally, Shaker Financial Services LLC lifted its stake in The European Equity Fund by 12.7% in the 4th quarter. Shaker Financial Services LLC now owns 502,117 shares of the financial services provider’s stock worth $5,557,000 after acquiring an additional 56,564 shares in the last quarter. 51.94% of the stock is owned by hedge funds and other institutional investors.

The European Equity Fund Trading Down 1.0%

Shares of NYSE:EEA traded down $0.11 during midday trading on Wednesday, reaching $10.79. The company had a trading volume of 6,872 shares, compared to its average volume of 29,251. The company has a fifty day simple moving average of $10.80 and a two-hundred day simple moving average of $10.65. The European Equity Fund has a 1-year low of $9.62 and a 1-year high of $11.43.

The European Equity Fund Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 29th. Shareholders of record on Tuesday, May 26th were paid a dividend of $0.2199 per share. This is a boost from The European Equity Fund’s previous dividend of $0.17. This represents a yield of 414.0%. The ex-dividend date of this dividend was Tuesday, May 26th.

About The European Equity Fund

The European Equity Fund, Inc (NYSE: EEA) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of issuers located in European countries. Listed on the New York Stock Exchange, the Fund offers U.S. and international investors access to a diversified portfolio of publicly traded European companies, spanning a variety of industries and market capitalizations.

The Fund’s investment strategy is built on fundamental, bottom-up research and active portfolio management.