First Trust Enhanced Equity Income Fund (NYSE:FFA – Get Free Report) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 24,700 shares, an increase of 247.9% from the August 15th total of 7,100 shares. Based on an average daily volume of 24,600 shares, the short-interest ratio is presently 1.0 days.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in FFA. Heritage Wealth Management Inc. acquired a new position in shares of First Trust Enhanced Equity Income Fund in the 2nd quarter valued at $1,135,000. Sanctuary Advisors LLC acquired a new position in First Trust Enhanced Equity Income Fund in the second quarter worth about $308,000. Truist Financial Corp lifted its stake in First Trust Enhanced Equity Income Fund by 12.9% during the second quarter. Truist Financial Corp now owns 34,451 shares of the company’s stock worth $686,000 after purchasing an additional 3,931 shares during the period. Cornerstone Advisors LLC acquired a new stake in First Trust Enhanced Equity Income Fund during the second quarter valued at approximately $259,000. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of First Trust Enhanced Equity Income Fund in the 2nd quarter valued at approximately $200,000.
First Trust Enhanced Equity Income Fund Trading Up 0.8 %
Shares of First Trust Enhanced Equity Income Fund stock traded up $0.16 during trading on Thursday, reaching $20.01. The company’s stock had a trading volume of 17,938 shares, compared to its average volume of 23,936. First Trust Enhanced Equity Income Fund has a one year low of $15.84 and a one year high of $20.44. The business’s fifty day moving average price is $19.73 and its 200-day moving average price is $19.18.
First Trust Enhanced Equity Income Fund Announces Dividend
First Trust Enhanced Equity Income Fund Company Profile
First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across the diversified sectors.
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