First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Down 40.8% in February

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 18,400 shares, a decrease of 40.8% from the January 31st total of 31,100 shares. Based on an average daily trading volume, of 27,600 shares, the days-to-cover ratio is currently 0.7 days.

First Trust Enhanced Equity Income Fund Trading Down 1.2 %

FFA traded down $0.24 on Monday, reaching $20.24. 21,265 shares of the company traded hands, compared to its average volume of 28,739. First Trust Enhanced Equity Income Fund has a one year low of $17.86 and a one year high of $21.24. The firm has a fifty day simple moving average of $20.68 and a two-hundred day simple moving average of $20.48.

First Trust Enhanced Equity Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.92%. The ex-dividend date of this dividend was Friday, December 20th.

Insider Activity

In other news, insider James A. Bowen sold 4,003 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $21.01, for a total transaction of $84,103.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. South Plains Financial Inc. purchased a new position in First Trust Enhanced Equity Income Fund during the 4th quarter worth $110,000. Moloney Securities Asset Management LLC lifted its position in First Trust Enhanced Equity Income Fund by 16.7% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 11,692 shares of the company’s stock worth $238,000 after acquiring an additional 1,676 shares during the period. Benjamin Edwards Inc. purchased a new stake in First Trust Enhanced Equity Income Fund during the 3rd quarter valued at about $242,000. NewEdge Advisors LLC increased its holdings in shares of First Trust Enhanced Equity Income Fund by 20.5% in the fourth quarter. NewEdge Advisors LLC now owns 14,693 shares of the company’s stock valued at $304,000 after purchasing an additional 2,500 shares during the period. Finally, Cornerstone Advisors LLC raised its stake in shares of First Trust Enhanced Equity Income Fund by 15.2% in the third quarter. Cornerstone Advisors LLC now owns 14,985 shares of the company’s stock worth $305,000 after purchasing an additional 1,973 shares during the last quarter.

First Trust Enhanced Equity Income Fund Company Profile

First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across the diversified sectors.