The European Equity Fund, Inc. (NYSE:EEA) Short Interest Up 132.0% in November

The European Equity Fund, Inc. (NYSE:EEA) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 5,800 shares, a growth of 132.0% from the November 15th total of 2,500 shares. Based on an average daily trading volume, of 9,700 shares, the days-to-cover ratio is currently 0.6 days.

The European Equity Fund Price Performance

EEA stock remained flat at $8.65 during trading hours on Friday. The company had a trading volume of 5,743 shares, compared to its average volume of 9,137. The firm has a 50 day moving average of $8.75 and a 200-day moving average of $8.98. The European Equity Fund has a fifty-two week low of $8.24 and a fifty-two week high of $9.47.

Institutional Investors Weigh In On The European Equity Fund

Several hedge funds have recently modified their holdings of the stock. Shaker Financial Services LLC lifted its stake in The European Equity Fund by 1.0% in the 3rd quarter. Shaker Financial Services LLC now owns 379,304 shares of the financial services provider’s stock worth $3,558,000 after acquiring an additional 3,701 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in The European Equity Fund by 25.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 41,053 shares of the financial services provider’s stock worth $385,000 after acquiring an additional 8,320 shares in the last quarter. Logan Stone Capital LLC purchased a new stake in The European Equity Fund in the 2nd quarter worth about $117,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in The European Equity Fund by 2.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 696,458 shares of the financial services provider’s stock worth $6,255,000 after acquiring an additional 13,335 shares in the last quarter. 51.94% of the stock is owned by hedge funds and other institutional investors.

The European Equity Fund Company Profile

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.