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

The European Equity Fund, Inc. (NYSE:EEA) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 1,783 shares, a drop of 38.5% from the April 30th total of 2,900 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 49,042 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On The European Equity Fund

A number of large investors have recently added to or reduced their stakes in EEA. Citadel Advisors LLC acquired a new stake in The European Equity Fund during the 3rd quarter valued at $158,000. Spirepoint Private Client LLC acquired a new stake in The European Equity Fund during the 4th quarter valued at $117,000. Shaker Financial Services LLC grew its holdings in The European Equity Fund by 12.7% during the 4th quarter. Shaker Financial Services LLC now owns 502,117 shares of the financial services provider’s stock worth $5,557,000 after acquiring an additional 56,564 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in The European Equity Fund during the 4th quarter worth $76,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings 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 worth $280,000 after acquiring an additional 4,232 shares in the last quarter. 51.94% of the stock is owned by institutional investors and hedge funds.

The European Equity Fund Stock Up 0.6%

EEA opened at $10.62 on Friday. The company has a fifty day simple moving average of $10.46 and a 200 day simple moving average of $10.59. The European Equity Fund has a twelve month low of $9.62 and a twelve month high of $11.43.

The European Equity Fund Increases Dividend

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

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.