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

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 55,898 shares, an increase of 129.7% from the August 15th total of 24,332 shares. Based on an average daily trading volume, of 57,674 shares, the short-interest ratio is presently 1.0 days.

Insider Activity at Eaton Vance Enhanced Equity Income Fund

In other news, Portfolio Manager Charles Gaffney bought 25,000 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was bought at an average price of $20.11 per share, for a total transaction of $502,750.00. Following the transaction, the portfolio manager owned 25,000 shares in the company, valued at $502,750. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Eaton Vance Enhanced Equity Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bullseye Investment Management LLC bought a new position in Eaton Vance Enhanced Equity Income Fund in the second quarter worth about $26,000. Fifth Third Bancorp bought a new position in shares of Eaton Vance Enhanced Equity Income Fund during the first quarter valued at approximately $28,000. Kestra Advisory Services LLC acquired a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the 4th quarter worth approximately $67,000. JPMorgan Chase & Co. raised its position in shares of Eaton Vance Enhanced Equity Income Fund by 15.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,428 shares of the company’s stock worth $93,000 after purchasing an additional 600 shares during the period. Finally, Axiom Investment Management LLC acquired a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the 1st quarter worth approximately $114,000.

Eaton Vance Enhanced Equity Income Fund Stock Up 0.2%

Eaton Vance Enhanced Equity Income Fund stock opened at $19.73 on Monday. The company has a fifty day moving average price of $19.93 and a two-hundred day moving average price of $19.73. Eaton Vance Enhanced Equity Income Fund has a 12 month low of $18.03 and a 12 month high of $21.55.

Eaton Vance Enhanced Equity Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.1338 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 8.1%.

About Eaton Vance Enhanced Equity Income Fund

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.