Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Down 15.9% in March

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 122,690 shares, a decrease of 15.9% from the February 26th total of 145,883 shares. Based on an average daily volume of 64,423 shares, the short-interest ratio is presently 1.9 days.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC acquired a new stake in Eaton Vance Enhanced Equity Income Fund during the 4th quarter valued at $31,000. Kestra Advisory Services LLC purchased a new position in shares of Eaton Vance Enhanced Equity Income Fund during the fourth quarter valued at $67,000. Wolverine Asset Management LLC acquired a new position in Eaton Vance Enhanced Equity Income Fund during the third quarter valued at $85,000. JPMorgan Chase & Co. raised its position in Eaton Vance Enhanced Equity Income Fund by 15.7% during the third quarter. JPMorgan Chase & Co. now owns 4,428 shares of the company’s stock valued at $93,000 after buying an additional 600 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in Eaton Vance Enhanced Equity Income Fund by 127.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,772 shares of the company’s stock worth $121,000 after acquiring an additional 3,236 shares in the last quarter.

Eaton Vance Enhanced Equity Income Fund Trading Up 3.6%

EOI traded up $0.66 during trading on Tuesday, reaching $18.79. The company had a trading volume of 154,590 shares, compared to its average volume of 78,911. The firm’s 50-day simple moving average is $20.08 and its 200 day simple moving average is $20.32. Eaton Vance Enhanced Equity Income Fund has a 12-month low of $15.50 and a 12-month high of $21.58.

Eaton Vance Enhanced Equity Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.1338 per share. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%.

About Eaton Vance Enhanced Equity Income Fund

The Eaton Vance Enhanced Equity Income Fund (NYSE: EOI) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of long-term capital appreciation. The fund invests primarily in dividend-paying common stocks of U.S. companies and may also hold preferred stocks and other equity securities. To enhance income potential, the fund employs a covered-call strategy by selling call options on a portion of its equity portfolio.

Under normal market conditions, the fund’s portfolio managers select large- and mid-capitalization equities with the potential for dividend growth and price appreciation.