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

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 14,700 shares, a drop of 64.8% from the September 30th total of 41,800 shares. Based on an average daily volume of 87,800 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Eaton Vance Enhanced Equity Income Fund

A number of large investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its holdings in Eaton Vance Enhanced Equity Income Fund by 32.2% in the 1st quarter. Sunbelt Securities Inc. now owns 2,338 shares of the company’s stock worth $43,000 after acquiring an additional 570 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Eaton Vance Enhanced Equity Income Fund by 1.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 33,478 shares of the company’s stock worth $650,000 after acquiring an additional 574 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Eaton Vance Enhanced Equity Income Fund by 1.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 82,250 shares of the company’s stock worth $1,499,000 after acquiring an additional 1,268 shares during the last quarter. Atomi Financial Group Inc. grew its holdings in Eaton Vance Enhanced Equity Income Fund by 9.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 21,861 shares of the company’s stock worth $442,000 after acquiring an additional 1,917 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Eaton Vance Enhanced Equity Income Fund by 0.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 455,571 shares of the company’s stock worth $8,852,000 after acquiring an additional 3,554 shares during the last quarter.

Eaton Vance Enhanced Equity Income Fund Price Performance

Shares of EOI stock traded up $0.10 on Friday, hitting $20.15. 56,111 shares of the company’s stock traded hands, compared to its average volume of 83,199. Eaton Vance Enhanced Equity Income Fund has a one year low of $14.36 and a one year high of $20.50. The company’s fifty day simple moving average is $19.70 and its 200 day simple moving average is $19.05.

Eaton Vance Enhanced Equity Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd will be issued a dividend of $0.134 per share. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $1.61 annualized dividend and a dividend yield of 7.98%. This is a positive change from Eaton Vance Enhanced Equity Income Fund’s previous monthly dividend of $0.13.

Eaton Vance Enhanced Equity Income Fund Company Profile

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.