The European Equity Fund, Inc. (NYSE:EEA – Get Rating) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,500 shares, a growth of 316.7% from the October 15th total of 600 shares. Based on an average daily trading volume, of 14,600 shares, the short-interest ratio is presently 0.2 days.
The European Equity Fund Trading Down 0.8 %
NYSE EEA traded down $0.06 during trading on Friday, reaching $7.59. 4,667 shares of the company's stock traded hands, compared to its average volume of 13,634. The company's 50 day simple moving average is $6.77 and its two-hundred day simple moving average is $7.28. The European Equity Fund has a 12-month low of $6.06 and a 12-month high of $11.93.
Get The European Equity Fund alerts:Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in The European Equity Fund by 25.0% during 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. City of London Investment Management Co. Ltd. purchased a new position in The European Equity Fund during the 1st quarter valued at about $129,000. Wolverine Asset Management LLC increased its position in The European Equity Fund by 785.0% during the 1st quarter. Wolverine Asset Management LLC now owns 37,048 shares of the financial services provider's stock valued at $339,000 after purchasing an additional 32,862 shares during the period. Uncommon Cents Investing LLC increased its position in The European Equity Fund by 6.5% during the 2nd quarter. Uncommon Cents Investing LLC now owns 254,958 shares of the financial services provider's stock valued at $1,820,000 after purchasing an additional 15,540 shares during the period. Finally, Shaker Financial Services LLC increased its position in The European Equity Fund by 1.5% during the 2nd quarter. Shaker Financial Services LLC now owns 259,156 shares of the financial services provider's stock valued at $1,850,000 after purchasing an additional 3,925 shares during the period. Hedge funds and other institutional investors own 51.26% of the company's stock.
The European Equity Fund Company Profile
(Get Rating)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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