The European Equity Fund, Inc. (NYSE:EEA) Short Interest Up 2,800.0% in October

The European Equity Fund, Inc. (NYSE:EEA) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,900 shares, an increase of 2,800.0% from the October 15th total of 100 shares. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On The European Equity Fund

A number of institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC boosted its position in shares of The European Equity Fund by 1.6% in the first quarter. Lazard Asset Management LLC now owns 192,009 shares of the financial services provider’s stock valued at $1,710,000 after acquiring an additional 3,098 shares during the period. Shaker Financial Services LLC boosted its position in shares of The European Equity Fund by 1.0% in the third quarter. Shaker Financial Services LLC now owns 379,304 shares of the financial services provider’s stock valued at $3,558,000 after acquiring an additional 3,701 shares during the period. Wolverine Asset Management LLC boosted its position in shares of The European Equity Fund by 25.4% in the third quarter. Wolverine Asset Management LLC now owns 41,053 shares of the financial services provider’s stock valued at $385,000 after acquiring an additional 8,320 shares during the period. Logan Stone Capital LLC bought a new stake in shares of The European Equity Fund in the second quarter valued at about $117,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of The European Equity Fund by 2.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 696,458 shares of the financial services provider’s stock valued at $6,255,000 after acquiring an additional 13,335 shares during the period. Institutional investors own 51.94% of the company’s stock.

The European Equity Fund Price Performance

Shares of The European Equity Fund stock opened at $8.50 on Thursday. The firm has a 50-day moving average of $9.06 and a 200-day moving average of $9.06. The European Equity Fund has a 52-week low of $7.97 and a 52-week high of $9.47.

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.