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

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 8,800 shares, a decrease of 72.6% from the March 15th total of 32,100 shares. Based on an average daily volume of 94,100 shares, the short-interest ratio is currently 0.1 days.

Eaton Vance Enhanced Equity Income Fund Stock Down 2.5 %

EOI stock traded down $0.45 during midday trading on Wednesday, hitting $17.37. The company’s stock had a trading volume of 63,820 shares, compared to its average volume of 85,506. Eaton Vance Enhanced Equity Income Fund has a 1 year low of $15.50 and a 1 year high of $22.10. The stock’s 50-day moving average price is $19.25 and its 200 day moving average price is $20.27.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.1338 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.61 dividend on an annualized basis and a yield of 9.24%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Huntington National Bank increased its stake in Eaton Vance Enhanced Equity Income Fund by 165,000.0% in the fourth quarter. Huntington National Bank now owns 1,651 shares of the company’s stock valued at $34,000 after acquiring an additional 1,650 shares during the last quarter. NBC Securities Inc. increased its holdings in Eaton Vance Enhanced Equity Income Fund by 130,850.0% during the 1st quarter. NBC Securities Inc. now owns 2,619 shares of the company’s stock valued at $49,000 after purchasing an additional 2,617 shares during the period. Elequin Capital LP bought a new position in shares of Eaton Vance Enhanced Equity Income Fund during the fourth quarter valued at approximately $97,000. Farther Finance Advisors LLC bought a new position in Eaton Vance Enhanced Equity Income Fund in the 4th quarter worth $98,000. Finally, JPMorgan Chase & Co. increased its position in shares of Eaton Vance Enhanced Equity Income Fund by 100.7% during the third quarter. JPMorgan Chase & Co. now owns 6,200 shares of the company’s stock valued at $125,000 after buying an additional 3,111 shares during the period.

About Eaton Vance Enhanced Equity Income Fund

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.