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

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

Hedge Funds Weigh In On The European Equity Fund

Several hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in The European Equity Fund by 2.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 696,458 shares of the financial services provider’s stock worth $6,255,000 after purchasing an additional 13,335 shares during the period. Shaker Financial Services LLC increased its stake in The European Equity Fund by 1.0% during the 3rd quarter. Shaker Financial Services LLC now owns 379,304 shares of the financial services provider’s stock worth $3,558,000 after buying an additional 3,701 shares during the period. Wolverine Asset Management LLC lifted its holdings in The European Equity Fund by 25.4% during the 3rd quarter. Wolverine Asset Management LLC now owns 41,053 shares of the financial services provider’s stock worth $385,000 after buying an additional 8,320 shares in the last quarter. Finally, Logan Stone Capital LLC purchased a new position in The European Equity Fund in the 2nd quarter valued at approximately $117,000. Institutional investors and hedge funds own 51.94% of the company’s stock.

The European Equity Fund Stock Performance

NYSE:EEA opened at $8.65 on Friday. The European Equity Fund has a 52 week low of $8.24 and a 52 week high of $9.47. The stock’s fifty day moving average is $8.74 and its two-hundred day moving average is $8.98.

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.