The European Equity Fund, Inc. (NYSE:EEA) Short Interest Down 35.4% in June

The European Equity Fund, Inc. (NYSE:EEA) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 3,491 shares, a decline of 35.4% from the June 15th total of 5,407 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 34,273 shares, the short-interest ratio is currently 0.1 days.

The European Equity Fund Price Performance

Shares of NYSE:EEA opened at $10.83 on Friday. The business’s 50 day moving average is $10.77 and its 200 day moving average is $10.63. The European Equity Fund has a 52-week low of $9.62 and a 52-week high of $11.43.

The European Equity Fund Increases Dividend

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

Hedge Funds Weigh In On The European Equity Fund

Institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC bought a new stake in shares of The European Equity Fund in the third quarter valued at about $158,000. Spirepoint Private Client LLC purchased a new stake in shares of The European Equity Fund in the 4th quarter worth approximately $117,000. Shaker Financial Services LLC lifted its position in shares of 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 purchasing an additional 56,564 shares during the period. Wolverine Asset Management LLC purchased a new stake in The European Equity Fund during the fourth quarter worth $76,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in The European Equity Fund by 18.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 27,146 shares of the financial services provider’s stock valued at $280,000 after acquiring an additional 4,232 shares in the last quarter. Hedge funds and other institutional investors own 51.94% of the company’s stock.

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.