First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Down 23.6% in January

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 8,521 shares, a decrease of 23.6% from the January 15th total of 11,152 shares. Based on an average daily trading volume, of 30,551 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 30,551 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On First Trust Enhanced Equity Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FFA. Shaker Financial Services LLC increased its stake in shares of First Trust Enhanced Equity Income Fund by 96.8% in the 2nd quarter. Shaker Financial Services LLC now owns 179,995 shares of the company’s stock valued at $3,686,000 after acquiring an additional 88,539 shares during the last quarter. PMG Family Office LLC acquired a new position in First Trust Enhanced Equity Income Fund during the third quarter valued at approximately $1,230,000. Cornerstone Advisors LLC increased its stake in First Trust Enhanced Equity Income Fund by 156.3% in the second quarter. Cornerstone Advisors LLC now owns 85,944 shares of the company’s stock valued at $1,760,000 after purchasing an additional 52,417 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in First Trust Enhanced Equity Income Fund by 121.4% in the second quarter. Wolverine Asset Management LLC now owns 93,382 shares of the company’s stock worth $1,912,000 after purchasing an additional 51,196 shares during the period. Finally, Aurora Private Wealth Inc. bought a new position in shares of First Trust Enhanced Equity Income Fund during the fourth quarter worth $534,000.

First Trust Enhanced Equity Income Fund Price Performance

FFA traded down $0.07 during trading on Friday, reaching $21.88. 30,143 shares of the company’s stock were exchanged, compared to its average volume of 29,915. The company’s fifty day moving average price is $21.89 and its 200-day moving average price is $21.57. First Trust Enhanced Equity Income Fund has a fifty-two week low of $15.00 and a fifty-two week high of $22.31.

First Trust Enhanced Equity Income Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a dividend of $0.3875 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.55 dividend on an annualized basis and a dividend yield of 7.1%.

About First Trust Enhanced Equity Income Fund

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.