Eaton Vance Enhanced Equity Income Fund II (NYSEARCA:EOS) Sees Significant Increase in Short Interest

Eaton Vance Enhanced Equity Income Fund II (NYSEARCA:EOS) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 17,400 shares, an increase of 62.6% from the September 30th total of 10,700 shares. Based on an average trading volume of 85,100 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 85,100 shares, the days-to-cover ratio is currently 0.2 days.

Eaton Vance Enhanced Equity Income Fund II Trading Up 1.1%

EOS opened at $23.94 on Monday. The stock has a fifty day simple moving average of $23.92 and a two-hundred day simple moving average of $23.42. Eaton Vance Enhanced Equity Income Fund II has a 12-month low of $17.56 and a 12-month high of $24.98.

Eaton Vance Enhanced Equity Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were paid a dividend of $0.1523 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a c) annualized dividend and a yield of 7.6%.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund II

Several institutional investors and hedge funds have recently modified their holdings of the stock. Global Assets Advisory LLC raised its position in shares of Eaton Vance Enhanced Equity Income Fund II by 31.1% in the 3rd quarter. Global Assets Advisory LLC now owns 67,571 shares of the company’s stock worth $1,617,000 after purchasing an additional 16,027 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Eaton Vance Enhanced Equity Income Fund II by 3.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,305 shares of the company’s stock valued at $414,000 after purchasing an additional 557 shares in the last quarter. Formidable Asset Management LLC raised its holdings in Eaton Vance Enhanced Equity Income Fund II by 5.6% in the third quarter. Formidable Asset Management LLC now owns 16,474 shares of the company’s stock worth $399,000 after buying an additional 875 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Eaton Vance Enhanced Equity Income Fund II in the third quarter worth approximately $975,000. Finally, Spire Wealth Management grew its holdings in shares of Eaton Vance Enhanced Equity Income Fund II by 8.1% during the third quarter. Spire Wealth Management now owns 10,495 shares of the company’s stock valued at $251,000 after buying an additional 786 shares during the last quarter.

About Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Enhanced Equity Income Fund II is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of mid-cap and large-cap companies.