Short Interest in First Trust Enhanced Equity Income Fund (NYSE:FFA) Decreases By 54.5%

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 10,936 shares, a decline of 54.5% from the July 15th total of 24,038 shares. Based on an average trading volume of 19,854 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Exeter Financial LLC boosted its stake in First Trust Enhanced Equity Income Fund by 0.8% during the first quarter. Exeter Financial LLC now owns 579,022 shares of the company’s stock worth $11,812,000 after buying an additional 4,796 shares in the last quarter. PMG Family Office LLC increased its holdings in First Trust Enhanced Equity Income Fund by 1.2% in the 1st quarter. PMG Family Office LLC now owns 57,847 shares of the company’s stock valued at $1,180,000 after buying an additional 678 shares during the period. Blue Bell Private Wealth Management LLC acquired a new position in shares of First Trust Enhanced Equity Income Fund in the 4th quarter valued at $25,000. Global Retirement Partners LLC raised its stake in shares of First Trust Enhanced Equity Income Fund by 2,543.3% in the 4th quarter. Global Retirement Partners LLC now owns 24,318 shares of the company’s stock valued at $535,000 after buying an additional 23,398 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of First Trust Enhanced Equity Income Fund by 23.5% during the 4th quarter. International Assets Investment Management LLC now owns 12,792 shares of the company’s stock worth $282,000 after acquiring an additional 2,437 shares during the period.

First Trust Enhanced Equity Income Fund Price Performance

NYSE:FFA traded down $0.07 during trading hours on Monday, hitting $23.54. 42,961 shares of the company traded hands, compared to its average volume of 29,250. First Trust Enhanced Equity Income Fund has a twelve month low of $19.50 and a twelve month high of $23.82. The firm has a 50-day moving average of $22.62 and a 200 day moving average of $22.09.

First Trust Enhanced Equity Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.3875 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.55 annualized dividend and a dividend yield of 6.6%.

First Trust Enhanced Equity Income Fund Company Profile

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.