Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Update

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 25,138 shares, a decrease of 53.9% from the July 15th total of 54,584 shares. Based on an average daily volume of 64,498 shares, the short-interest ratio is presently 0.4 days.

Insider Buying and Selling at Eaton Vance Enhanced Equity Income Fund

In related news, Portfolio Manager Charles Gaffney acquired 25,000 shares of Eaton Vance Enhanced Equity Income Fund stock in a transaction on Monday, July 13th. The stock was purchased at an average cost of $20.11 per share, with a total value of $502,750.00. Following the purchase, the portfolio manager directly owned 25,000 shares in the company, valued at approximately $502,750. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On Eaton Vance Enhanced Equity Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in shares of 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 worth $93,000 after purchasing an additional 600 shares in the last quarter. PMG Family Office LLC grew its stake in shares of Eaton Vance Enhanced Equity Income Fund by 0.9% in the fourth quarter. PMG Family Office LLC now owns 76,143 shares of the company’s stock valued at $1,566,000 after buying an additional 700 shares in the last quarter. Bryn Mawr Trust Advisors LLC raised its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 6.9% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 15,019 shares of the company’s stock valued at $309,000 after buying an additional 966 shares during the period. Wedbush Securities Inc. raised its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 11.7% during the 4th quarter. Wedbush Securities Inc. now owns 11,028 shares of the company’s stock valued at $227,000 after buying an additional 1,157 shares during the period. Finally, Roman Butler Fullerton & Co. lifted its position in Eaton Vance Enhanced Equity Income Fund by 0.5% during the 1st quarter. Roman Butler Fullerton & Co. now owns 220,865 shares of the company’s stock worth $4,344,000 after acquiring an additional 1,171 shares in the last quarter.

Eaton Vance Enhanced Equity Income Fund Stock Up 0.1%

Shares of EOI stock traded up $0.02 during trading hours on Monday, hitting $20.12. The company’s stock had a trading volume of 35,384 shares, compared to its average volume of 80,379. The business has a fifty day moving average of $19.70 and a 200-day moving average of $19.82. Eaton Vance Enhanced Equity Income Fund has a twelve month low of $18.03 and a twelve month high of $21.58.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a dividend of $0.1338 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%.

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.