Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS) Shares Shorted: Short Interest Up 129.0% in October

Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 24,623 shares, an increase of 129.0% from the October 15th total of 10,752 shares. Based on an average trading volume of 160,649 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund II

A number of large investors have recently made changes to their positions in EOS. Kovack Advisors Inc. boosted its holdings in shares of Eaton Vance Enhanced Equity Income Fund II by 17.0% during the third quarter. Kovack Advisors Inc. now owns 20,043 shares of the company’s stock worth $427,000 after purchasing an additional 2,905 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Eaton Vance Enhanced Equity Income Fund II by 1.2% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 58,157 shares of the company’s stock worth $1,239,000 after buying an additional 707 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in Eaton Vance Enhanced Equity Income Fund II in the 3rd quarter worth approximately $2,988,000. Chancellor Financial Group WB LP boosted its stake in shares of Eaton Vance Enhanced Equity Income Fund II by 3.0% during the 3rd quarter. Chancellor Financial Group WB LP now owns 36,689 shares of the company’s stock valued at $781,000 after buying an additional 1,076 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of Eaton Vance Enhanced Equity Income Fund II during the 3rd quarter valued at $443,000.

Eaton Vance Enhanced Equity Income Fund II Trading Down 0.4%

Shares of EOS stock opened at $20.11 on Friday. Eaton Vance Enhanced Equity Income Fund II has a 1-year low of $19.44 and a 1-year high of $23.62. The stock’s fifty day simple moving average is $20.93 and its 200-day simple moving average is $21.61.

Eaton Vance Enhanced Equity Income Fund II Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.1629 per share. This is a boost from Eaton Vance Enhanced Equity Income Fund II’s previous monthly dividend of $0.1523. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.95 annualized dividend and a yield of 9.7%.

About Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Enhanced Equity Income Fund II is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of mid-cap and large-cap companies. It generates current earnings from option premiums by selling covered call options on a substantial portion of its portfolio. The fund benchmarks the performance of its portfolio against the Russell 1000 Growth Index, the CBOE S&P 500 BuyWrite Index, and the CBOE NASDAQ-100 BuyWrite Index.