The European Equity Fund, Inc. (NYSE:EEA) Short Interest Down 38.5% in May

The European Equity Fund, Inc. (NYSE:EEA) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,783 shares, a decline of 38.5% from the April 30th total of 2,900 shares. Based on an average daily volume of 49,042 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

The European Equity Fund Stock Down 0.2%

EEA stock opened at $10.62 on Wednesday. The company has a fifty day moving average price of $10.41 and a two-hundred day moving average price of $10.60. The European Equity Fund has a one year low of $9.62 and a one year high of $11.43.

The European Equity Fund Increases Dividend

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

Hedge Funds Weigh In On The European Equity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EEA. Shaker Financial Services LLC boosted its position in The European Equity Fund by 12.7% during the fourth quarter. Shaker Financial Services LLC now owns 502,117 shares of the financial services provider’s stock worth $5,557,000 after purchasing an additional 56,564 shares during the period. Citadel Advisors LLC acquired a new stake in shares of The European Equity Fund during the third quarter worth $158,000. Spirepoint Private Client LLC acquired a new stake in shares of The European Equity Fund during the fourth quarter worth $117,000. Wolverine Asset Management LLC acquired a new stake in shares of The European Equity Fund during the fourth quarter worth $76,000. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in shares of 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 worth $280,000 after buying an additional 4,232 shares in the last quarter. 51.94% of the stock is owned by institutional investors.

The European Equity Fund Company Profile

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.