Short Interest in Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Declines By 15.9%

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 122,690 shares, a drop of 15.9% from the February 26th total of 145,883 shares. Based on an average trading volume of 64,423 shares, the days-to-cover ratio is presently 1.9 days.

Eaton Vance Enhanced Equity Income Fund Stock Up 2.4%

Shares of NYSE EOI traded up $0.46 during trading hours on Wednesday, reaching $19.24. The stock had a trading volume of 61,336 shares, compared to its average volume of 78,602. Eaton Vance Enhanced Equity Income Fund has a 52-week low of $15.50 and a 52-week high of $21.58. The business’s fifty day moving average price is $20.05 and its two-hundred day moving average price is $20.30.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.1338 dividend. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date was Monday, March 16th.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

Several institutional investors have recently made changes to their positions in EOI. Wolverine Asset Management LLC increased its position in shares of Eaton Vance Enhanced Equity Income Fund by 1,900.9% during the fourth quarter. Wolverine Asset Management LLC now owns 81,237 shares of the company’s stock worth $1,670,000 after purchasing an additional 77,177 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Eaton Vance Enhanced Equity Income Fund by 31.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 7,572 shares of the company’s stock worth $156,000 after purchasing an additional 1,800 shares in the last quarter. TPG Advisors LLC grew its stake in Eaton Vance Enhanced Equity Income Fund by 3.1% during the 4th quarter. TPG Advisors LLC now owns 106,522 shares of the company’s stock worth $2,190,000 after buying an additional 3,230 shares during the last quarter. David J Yvars Group acquired a new position in Eaton Vance Enhanced Equity Income Fund during the 4th quarter valued at about $434,000. Finally, Commons Capital LLC increased its position in Eaton Vance Enhanced Equity Income Fund by 6.7% during the 4th quarter. Commons Capital LLC now owns 17,751 shares of the company’s stock valued at $365,000 after buying an additional 1,111 shares in the last quarter.

Eaton Vance Enhanced Equity Income Fund Company Profile

The Eaton Vance Enhanced Equity Income Fund (NYSE: EOI) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of long-term capital appreciation. The fund invests primarily in dividend-paying common stocks of U.S. companies and may also hold preferred stocks and other equity securities. To enhance income potential, the fund employs a covered-call strategy by selling call options on a portion of its equity portfolio.

Under normal market conditions, the fund’s portfolio managers select large- and mid-capitalization equities with the potential for dividend growth and price appreciation.