Short Interest in First Trust Enhanced Equity Income Fund (NYSE:FFA) Decreases By 54.1%

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,973 shares, a drop of 54.1% from the May 31st total of 4,297 shares. Based on an average daily trading volume, of 31,490 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust Enhanced Equity Income Fund

Large investors have recently made changes to their positions in the business. Exeter Financial LLC boosted its holdings in shares of First Trust Enhanced Equity Income Fund by 0.8% during the first quarter. Exeter Financial LLC now owns 579,022 shares of the company’s stock worth $11,812,000 after purchasing an additional 4,796 shares during the period. Global Retirement Partners LLC increased its stake in First Trust Enhanced Equity Income Fund by 2,543.3% in the 4th quarter. Global Retirement Partners LLC now owns 24,318 shares of the company’s stock valued at $535,000 after buying an additional 23,398 shares during the period. Blue Bell Private Wealth Management LLC acquired a new position in First Trust Enhanced Equity Income Fund in the 4th quarter valued at approximately $25,000. UBS Group AG lifted its position in First Trust Enhanced Equity Income Fund by 1.3% in the 4th quarter. UBS Group AG now owns 276,052 shares of the company’s stock worth $6,079,000 after buying an additional 3,556 shares in the last quarter. Finally, Truist Financial Corp lifted its position in First Trust Enhanced Equity Income Fund by 28.3% in the 4th quarter. Truist Financial Corp now owns 78,546 shares of the company’s stock worth $1,730,000 after buying an additional 17,323 shares in the last quarter.

First Trust Enhanced Equity Income Fund Stock Performance

Shares of FFA stock traded down $0.04 on Wednesday, reaching $22.32. 38,576 shares of the company’s stock traded hands, compared to its average volume of 29,900. First Trust Enhanced Equity Income Fund has a 12-month low of $19.50 and a 12-month high of $23.24. The business’s 50 day moving average price is $22.43 and its two-hundred day moving average price is $21.87.

First Trust Enhanced Equity Income Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Monday, June 22nd.

First Trust Enhanced Equity Income Fund Company Profile

First Trust Enhanced Equity Income Fund (NYSE:FFA) is a closed-end management investment company managed by First Trust Advisors L.P. The fund seeks to provide total return with an emphasis on current income. To pursue its objective, the fund employs a dual strategy that combines equity ownership in U.S. companies with a systematic covered call option overlay.

FFA primarily invests in a diversified portfolio of common stocks of large- and mid-cap U.S. companies that are selected for their potential to pay dividends.