Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Update

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 54,584 shares, a growth of 169.1% from the June 30th total of 20,281 shares. Based on an average daily volume of 56,936 shares, the short-interest ratio is presently 1.0 days.

Insider Transactions at Eaton Vance Enhanced Equity Income Fund

In other news, Portfolio Manager Charles Gaffney purchased 25,000 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was purchased at an average cost of $20.11 per share, with a total value of $502,750.00. Following the purchase, the portfolio manager owned 25,000 shares in the company, valued at $502,750. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Eaton Vance Enhanced Equity Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp acquired a new stake in Eaton Vance Enhanced Equity Income Fund in the 1st quarter valued at about $28,000. Eagle Bay Advisors LLC acquired a new position in shares of Eaton Vance Enhanced Equity Income Fund in the 4th quarter worth approximately $31,000. Kestra Advisory Services LLC bought a new stake in shares of Eaton Vance Enhanced Equity Income Fund in the 4th quarter worth approximately $67,000. JPMorgan Chase & Co. raised its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 15.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,428 shares of the company’s stock worth $93,000 after purchasing an additional 600 shares in the last quarter. Finally, Axiom Investment Management LLC bought a new stake in shares of Eaton Vance Enhanced Equity Income Fund in the 1st quarter worth approximately $114,000.

Eaton Vance Enhanced Equity Income Fund Stock Down 0.3%

Shares of EOI traded down $0.05 during midday trading on Monday, reaching $19.65. The stock had a trading volume of 62,385 shares, compared to its average volume of 79,982. The firm’s 50 day moving average price is $19.65 and its 200-day moving average price is $19.90. Eaton Vance Enhanced Equity Income Fund has a 52 week low of $18.03 and a 52 week high of $21.58.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.1338 per share. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

About Eaton Vance Enhanced Equity Income Fund

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.