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

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI – Get Rating) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 87,900 shares, a decline of 25.6% from the October 31st total of 118,100 shares. Based on an average daily volume of 97,400 shares, the short-interest ratio is currently 0.9 days.

Eaton Vance Enhanced Equity Income Fund Stock Performance

EOI traded down $0.03 on Thursday, reaching $16.83. 545 shares of the company’s stock were exchanged, compared to its average volume of 95,235. Eaton Vance Enhanced Equity Income Fund has a twelve month low of $13.94 and a twelve month high of $20.29. The stock’s fifty day moving average price is $15.64 and its 200-day moving average price is $15.66.

Eaton Vance Enhanced Equity Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 30th. Investors of record on Wednesday, November 23rd were given a dividend of $0.109 per share. The ex-dividend date was Tuesday, November 22nd. This represents a $1.31 dividend on an annualized basis and a yield of 7.77%.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Moors & Cabot Inc. boosted its position in Eaton Vance Enhanced Equity Income Fund by 6.7% during the second quarter. Moors & Cabot Inc. now owns 13,375 shares of the company’s stock worth $197,000 after acquiring an additional 844 shares during the last quarter. Commons Capital LLC boosted its position in Eaton Vance Enhanced Equity Income Fund by 6.1% during the second quarter. Commons Capital LLC now owns 11,661 shares of the company’s stock worth $172,000 after acquiring an additional 669 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Eaton Vance Enhanced Equity Income Fund by 1.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 104,980 shares of the company’s stock valued at $1,550,000 after purchasing an additional 1,817 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in Eaton Vance Enhanced Equity Income Fund in the 2nd quarter valued at about $547,000. Finally, Shaker Financial Services LLC acquired a new position in Eaton Vance Enhanced Equity Income Fund in the 2nd quarter valued at about $1,210,000.

Eaton Vance Enhanced Equity Income Fund Company Profile

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Eaton Vance Enhanced Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap and mid-cap companies with a focus on investing in companies with above average growth and financial condition against valuation in selecting individual securities.