Short Interest in Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Increases By 286.8%

Eaton Vance Enhanced Equity Income Fund (NYSE:EOIGet Free Report) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 29,400 shares, an increase of 286.8% from the January 15th total of 7,600 shares. Based on an average daily volume of 71,800 shares, the days-to-cover ratio is presently 0.4 days.

Eaton Vance Enhanced Equity Income Fund Price Performance

NYSE EOI opened at $17.82 on Tuesday. Eaton Vance Enhanced Equity Income Fund has a twelve month low of $14.36 and a twelve month high of $17.91. The business’s fifty day moving average is $16.63 and its 200 day moving average is $16.15.

Eaton Vance Enhanced Equity Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 29th. Investors of record on Thursday, February 22nd will be issued a dividend of $0.1095 per share. This is an increase from Eaton Vance Enhanced Equity Income Fund’s previous monthly dividend of $0.11. The ex-dividend date is Wednesday, February 21st. This represents a $1.31 annualized dividend and a dividend yield of 7.37%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Moors & Cabot Inc. raised its position in Eaton Vance Enhanced Equity Income Fund by 7.5% during the 1st quarter. Moors & Cabot Inc. now owns 12,531 shares of the company’s stock worth $231,000 after purchasing an additional 874 shares during the last quarter. Cetera Advisor Networks LLC raised its position in shares of Eaton Vance Enhanced Equity Income Fund by 3.8% in the 2nd quarter. Cetera Advisor Networks LLC now owns 26,128 shares of the company’s stock worth $431,000 after acquiring an additional 951 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of Eaton Vance Enhanced Equity Income Fund by 1.9% in the 3rd quarter. D.A. Davidson & CO. now owns 53,244 shares of the company’s stock worth $844,000 after acquiring an additional 1,013 shares in the last quarter. Royal Bank of Canada raised its position in shares of Eaton Vance Enhanced Equity Income Fund by 0.7% in the 1st quarter. Royal Bank of Canada now owns 163,600 shares of the company’s stock worth $3,012,000 after acquiring an additional 1,119 shares in the last quarter. Finally, Financial Advocates Investment Management raised its position in shares of Eaton Vance Enhanced Equity Income Fund by 2.6% in the 4th quarter. Financial Advocates Investment Management now owns 46,359 shares of the company’s stock worth $769,000 after acquiring an additional 1,164 shares in the last quarter.

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.

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