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

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 61,700 shares, an increase of 181.7% from the January 15th total of 21,900 shares. Based on an average daily volume of 82,100 shares, the days-to-cover ratio is currently 0.8 days.

Eaton Vance Enhanced Equity Income Fund Price Performance

EOI traded up $0.09 during trading on Wednesday, reaching $21.08. 113,049 shares of the company were exchanged, compared to its average volume of 83,134. Eaton Vance Enhanced Equity Income Fund has a 52 week low of $17.10 and a 52 week high of $22.10. The firm has a 50 day moving average of $21.04 and a 200 day moving average of $20.30.

Eaton Vance Enhanced Equity Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.1338 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Investors Weigh In On Eaton Vance Enhanced Equity Income Fund

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in Eaton Vance Enhanced Equity Income Fund in the fourth quarter valued at approximately $27,148,000. Raymond James & Associates raised its holdings in Eaton Vance Enhanced Equity Income Fund by 6.0% in the 3rd quarter. Raymond James & Associates now owns 693,650 shares of the company’s stock valued at $14,033,000 after acquiring an additional 39,303 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in Eaton Vance Enhanced Equity Income Fund by 2.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 253,582 shares of the company’s stock worth $5,267,000 after purchasing an additional 6,948 shares during the period. Roman Butler Fullerton & Co. boosted its position in shares of Eaton Vance Enhanced Equity Income Fund by 2.0% during the 4th quarter. Roman Butler Fullerton & Co. now owns 190,268 shares of the company’s stock valued at $4,007,000 after acquiring an additional 3,657 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in Eaton Vance Enhanced Equity Income Fund during the fourth quarter valued at approximately $3,926,000.

Eaton Vance Enhanced Equity Income Fund Company Profile

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.