Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Down 66.0% in April

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 35,689 shares, a decrease of 66.0% from the March 31st total of 104,871 shares. Based on an average daily volume of 129,930 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. PMG Family Office LLC boosted its stake in Eaton Vance Enhanced Equity Income Fund by 7.2% during the first quarter. PMG Family Office LLC now owns 81,657 shares of the company’s stock worth $1,534,000 after buying an additional 5,514 shares during the period. OxenFree Capital LLC boosted its stake in Eaton Vance Enhanced Equity Income Fund by 18.5% during the first quarter. OxenFree Capital LLC now owns 80,711 shares of the company’s stock worth $1,608,000 after buying an additional 12,612 shares during the period. World Investment Advisors purchased a new position in Eaton Vance Enhanced Equity Income Fund during the fourth quarter worth about $219,000. TMB Capital Partners LLC purchased a new position in Eaton Vance Enhanced Equity Income Fund during the fourth quarter worth about $223,000. Finally, Invesco Ltd. lifted its position in shares of Eaton Vance Enhanced Equity Income Fund by 6.4% during the fourth quarter. Invesco Ltd. now owns 459,475 shares of the company’s stock worth $9,447,000 after purchasing an additional 27,719 shares in the last quarter.

Eaton Vance Enhanced Equity Income Fund Price Performance

Shares of EOI opened at $19.97 on Friday. Eaton Vance Enhanced Equity Income Fund has a 12-month low of $18.03 and a 12-month high of $21.58. The firm has a 50-day moving average price of $19.69 and a 200 day moving average price of $20.13.

Eaton Vance Enhanced Equity Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be issued a $0.1338 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%.

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.