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

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

Eaton Vance Enhanced Equity Income Fund Stock Performance

Shares of Eaton Vance Enhanced Equity Income Fund stock traded up $0.05 during trading on Friday, hitting $19.45. 46,241 shares of the stock traded hands, compared to its average volume of 83,734. Eaton Vance Enhanced Equity Income Fund has a 52-week low of $18.03 and a 52-week high of $21.58. The stock’s fifty day simple moving average is $19.73 and its 200 day simple moving average is $19.99.

Eaton Vance Enhanced Equity Income Fund Dividend Announcement

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

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

Several institutional investors have recently made changes to their positions in EOI. Roman Butler Fullerton & Co. grew its stake in Eaton Vance Enhanced Equity Income Fund by 6.4% in the fourth quarter. Roman Butler Fullerton & Co. now owns 219,694 shares of the company’s stock valued at $4,545,000 after purchasing an additional 13,218 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in Eaton Vance Enhanced Equity Income Fund in the fourth quarter valued at about $31,000. TPG Advisors LLC grew its stake in Eaton Vance Enhanced Equity Income Fund by 3.1% in the fourth quarter. TPG Advisors LLC now owns 106,522 shares of the company’s stock valued at $2,190,000 after purchasing an additional 3,230 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in Eaton Vance Enhanced Equity Income Fund in the fourth quarter valued at about $139,000. Finally, OxenFree Capital LLC grew its stake in Eaton Vance Enhanced Equity Income Fund by 4.5% in the fourth quarter. OxenFree Capital LLC now owns 68,099 shares of the company’s stock valued at $1,400,000 after purchasing an additional 2,928 shares during 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.