The European Equity Fund, Inc. (NYSE:EEA – Get Rating) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 13,500 shares, a growth of 75.3% from the November 30th total of 7,700 shares. Based on an average trading volume of 11,300 shares, the short-interest ratio is presently 1.2 days.
Institutional Trading of The European Equity Fund
Large investors have recently made changes to their positions in the company. 1607 Capital Partners LLC raised its stake in The European Equity Fund by 0.5% during the 1st quarter. 1607 Capital Partners LLC now owns 1,884,510 shares of the financial services provider's stock worth $17,281,000 after buying an additional 9,400 shares during the period. Shaker Financial Services LLC increased its holdings in shares of The European Equity Fund by 1.5% during the second quarter. Shaker Financial Services LLC now owns 259,156 shares of the financial services provider's stock valued at $1,850,000 after acquiring an additional 3,925 shares in the last quarter. Uncommon Cents Investing LLC raised its position in shares of The European Equity Fund by 6.5% during the second quarter. Uncommon Cents Investing LLC now owns 254,958 shares of the financial services provider's stock worth $1,820,000 after purchasing an additional 15,540 shares during the period. City of London Investment Management Co. Ltd. bought a new position in shares of The European Equity Fund in the 1st quarter worth $129,000. Finally, Royal Bank of Canada grew its position in The European Equity Fund by 25.0% in the 1st quarter. Royal Bank of Canada now owns 13,904 shares of the financial services provider's stock valued at $127,000 after purchasing an additional 2,778 shares during the period. 50.16% of the stock is currently owned by institutional investors and hedge funds.
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The European Equity Fund Price Performance
Shares of NYSE EEA opened at $7.56 on Friday. The company's fifty day simple moving average is $7.54 and its 200 day simple moving average is $7.23. The European Equity Fund has a 12-month low of $6.06 and a 12-month high of $10.92.
The European Equity Fund Dividend Announcement
The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, December 30th will be given a dividend of $0.145 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a dividend yield of 11.24%.
About The European Equity Fund
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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.
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