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

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 37,520 shares, an increase of 73.9% from the December 15th total of 21,570 shares. Based on an average daily volume of 120,156 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 120,156 shares, the short-interest ratio is presently 0.3 days.

Eaton Vance Enhanced Equity Income Fund Stock Up 0.3%

Shares of NYSE EOI traded up $0.06 during midday trading on Friday, reaching $20.85. The stock had a trading volume of 87,539 shares, compared to its average volume of 89,667. The company’s 50 day moving average price is $20.15 and its 200 day moving average price is $20.67. Eaton Vance Enhanced Equity Income Fund has a twelve month low of $15.50 and a twelve month high of $21.58.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be paid a $0.1338 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, January 15th.

Institutional Trading of Eaton Vance Enhanced Equity Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Eaton Vance Enhanced Equity Income Fund by 15.7% in the third quarter. JPMorgan Chase & Co. now owns 4,428 shares of the company’s stock worth $93,000 after acquiring an additional 600 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 0.4% in the 2nd quarter. Truist Financial Corp now owns 170,708 shares of the company’s stock worth $3,571,000 after purchasing an additional 676 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in Eaton Vance Enhanced Equity Income Fund by 7.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,111 shares of the company’s stock valued at $253,000 after purchasing an additional 857 shares during the period. Rockefeller Capital Management L.P. grew its position in Eaton Vance Enhanced Equity Income Fund by 2.2% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 46,137 shares of the company’s stock valued at $965,000 after purchasing an additional 973 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Eaton Vance Enhanced Equity Income Fund by 14.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,088 shares of the company’s stock valued at $170,000 after purchasing an additional 1,000 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.