First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Update

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,973 shares, a decline of 54.1% from the May 31st total of 4,297 shares. Based on an average daily volume of 31,490 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of First Trust Enhanced Equity Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of FFA. PMG Family Office LLC purchased a new position in shares of First Trust Enhanced Equity Income Fund during the 3rd quarter worth approximately $1,230,000. Shaker Financial Services LLC lifted its stake in shares of First Trust Enhanced Equity Income Fund by 16.8% in the 4th quarter. Shaker Financial Services LLC now owns 286,580 shares of the company’s stock valued at $6,310,000 after purchasing an additional 41,233 shares during the period. Readystate Asset Management LP purchased a new position in shares of First Trust Enhanced Equity Income Fund in the 4th quarter valued at approximately $844,000. Invesco Ltd. boosted its position in shares of First Trust Enhanced Equity Income Fund by 8.7% during the fourth quarter. Invesco Ltd. now owns 415,134 shares of the company’s stock valued at $9,141,000 after purchasing an additional 33,158 shares in the last quarter. Finally, Aurora Private Wealth Inc. bought a new stake in shares of First Trust Enhanced Equity Income Fund during the fourth quarter valued at approximately $534,000.

First Trust Enhanced Equity Income Fund Stock Performance

Shares of NYSE FFA opened at $21.74 on Monday. The firm has a fifty day simple moving average of $22.42 and a two-hundred day simple moving average of $21.86. First Trust Enhanced Equity Income Fund has a 12 month low of $19.50 and a 12 month high of $23.24.

First Trust Enhanced Equity Income Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be given a dividend of $0.3875 per share. The ex-dividend date is Monday, June 22nd. This represents a $1.55 annualized dividend and a dividend yield of 7.1%.

About First Trust Enhanced Equity Income Fund

First Trust Enhanced Equity Income Fund (NYSE:FFA) is a closed-end management investment company managed by First Trust Advisors L.P. The fund seeks to provide total return with an emphasis on current income. To pursue its objective, the fund employs a dual strategy that combines equity ownership in U.S. companies with a systematic covered call option overlay.

FFA primarily invests in a diversified portfolio of common stocks of large- and mid-cap U.S. companies that are selected for their potential to pay dividends.