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 drop in short interest in July. As of July 31st, there was short interest totaling 25,138 shares, a drop of 53.9% from the July 15th total of 54,584 shares. Based on an average daily volume of 64,498 shares, the short-interest ratio is presently 0.4 days.

Eaton Vance Enhanced Equity Income Fund Stock Performance

NYSE EOI traded down $0.18 during trading on Friday, hitting $20.12. 59,346 shares of the stock traded hands, compared to its average volume of 80,684. The firm has a 50-day simple moving average of $19.70 and a 200-day simple moving average of $19.82. 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 company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a dividend of $0.1338 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Friday, August 14th.

Insider Activity

In other news, Portfolio Manager Charles Gaffney bought 25,000 shares of Eaton Vance Enhanced Equity Income Fund stock in a transaction dated Monday, July 13th. The shares were purchased at an average cost of $20.11 per share, with a total value of $502,750.00. Following the completion of the acquisition, the portfolio manager owned 25,000 shares of the company’s stock, valued at $502,750. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its position 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 purchasing an additional 600 shares during the last quarter. PMG Family Office LLC lifted its position in Eaton Vance Enhanced Equity Income Fund by 0.9% during the fourth quarter. PMG Family Office LLC now owns 76,143 shares of the company’s stock valued at $1,566,000 after purchasing an additional 700 shares during the last quarter. Bryn Mawr Trust Advisors LLC lifted its position in Eaton Vance Enhanced Equity Income Fund by 6.9% during the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 15,019 shares of the company’s stock valued at $309,000 after purchasing an additional 966 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of Eaton Vance Enhanced Equity Income Fund by 11.7% in the 4th quarter. Wedbush Securities Inc. now owns 11,028 shares of the company’s stock worth $227,000 after buying an additional 1,157 shares in the last quarter. Finally, Roman Butler Fullerton & Co. grew its stake in shares of Eaton Vance Enhanced Equity Income Fund by 0.5% in the 1st quarter. Roman Butler Fullerton & Co. now owns 220,865 shares of the company’s stock worth $4,344,000 after buying an additional 1,171 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.