Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Sees Significant Decrease in Short Interest

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 42,900 shares, a decline of 37.6% from the February 13th total of 68,800 shares. Based on an average daily trading volume, of 83,700 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Huntington National Bank raised its holdings in Eaton Vance Enhanced Equity Income Fund by 165,000.0% in the fourth quarter. Huntington National Bank now owns 1,651 shares of the company’s stock valued at $34,000 after buying an additional 1,650 shares during the period. Elequin Capital LP acquired a new stake in shares of Eaton Vance Enhanced Equity Income Fund in the fourth quarter worth $97,000. Farther Finance Advisors LLC purchased a new position in shares of Eaton Vance Enhanced Equity Income Fund in the 4th quarter valued at $98,000. JPMorgan Chase & Co. lifted its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 100.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,200 shares of the company’s stock valued at $125,000 after acquiring an additional 3,111 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its position in Eaton Vance Enhanced Equity Income Fund by 8.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 8,594 shares of the company’s stock worth $174,000 after purchasing an additional 656 shares during the period.

Eaton Vance Enhanced Equity Income Fund Price Performance

Shares of EOI traded up $0.18 during mid-day trading on Monday, hitting $19.13. The company had a trading volume of 82,654 shares, compared to its average volume of 82,813. Eaton Vance Enhanced Equity Income Fund has a 1-year low of $17.10 and a 1-year high of $22.10. The business’s 50-day simple moving average is $20.50 and its 200-day simple moving average is $20.49.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.1338 per share. The ex-dividend date is Friday, March 14th. This represents a $1.61 annualized dividend and a dividend yield of 8.40%.

Eaton Vance Enhanced Equity Income Fund Company Profile

Eaton Vance Enhanced Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap and mid-cap companies with a focus on investing in companies with above average growth and financial condition against valuation in selecting individual securities.