Short Interest in Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Increases By 89.7%

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 7,510 shares, a growth of 89.7% from the May 14th total of 3,958 shares. Based on an average daily volume of 68,347 shares, the short-interest ratio is presently 0.1 days.

Eaton Vance Enhanced Equity Income Fund Price Performance

EOI traded up $0.05 on Friday, hitting $19.45. The company had a trading volume of 46,241 shares, compared to its average volume of 83,734. The stock has a fifty day moving average price of $19.73 and a 200-day moving average price of $19.99. Eaton Vance Enhanced Equity Income Fund has a 12-month low of $18.03 and a 12-month high of $21.58.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.1338 dividend. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Investors Weigh In On Eaton Vance Enhanced Equity Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC acquired a new stake in Eaton Vance Enhanced Equity Income Fund in the fourth quarter worth about $31,000. Fifth Third Bancorp acquired a new stake in Eaton Vance Enhanced Equity Income Fund in the first quarter worth about $28,000. Kestra Advisory Services LLC acquired a new stake in Eaton Vance Enhanced Equity Income Fund in the fourth quarter worth about $67,000. JPMorgan Chase & Co. boosted its holdings in Eaton Vance Enhanced Equity Income Fund by 15.7% in the third quarter. JPMorgan Chase & Co. now owns 4,428 shares of the company’s stock worth $93,000 after acquiring an additional 600 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Eaton Vance Enhanced Equity Income Fund by 127.6% in the second 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 Company Profile

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.