First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Down 54.5% in July

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 10,936 shares, a decrease of 54.5% from the July 15th total of 24,038 shares. Based on an average daily trading volume, of 19,854 shares, the short-interest ratio is presently 0.6 days.

First Trust Enhanced Equity Income Fund Stock Performance

Shares of FFA stock traded down $0.02 during trading hours on Friday, hitting $23.63. 65,214 shares of the company were exchanged, compared to its average volume of 29,163. First Trust Enhanced Equity Income Fund has a fifty-two week low of $19.50 and a fifty-two week high of $23.82. The company has a 50 day simple moving average of $22.62 and a two-hundred day simple moving average of $22.09.

First Trust Enhanced Equity Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were given a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date was Monday, June 22nd.

Institutional Investors Weigh In On First Trust Enhanced Equity Income Fund

Large investors have recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC bought a new stake in First Trust Enhanced Equity Income Fund in the fourth quarter valued at $25,000. Allied Private Wealth LLC bought a new position in shares of First Trust Enhanced Equity Income Fund during the 2nd quarter worth about $26,000. Global Assets Advisory LLC bought a new position in shares of First Trust Enhanced Equity Income Fund during the 1st quarter worth about $41,000. Axiom Investment Management LLC bought a new position in shares of First Trust Enhanced Equity Income Fund during the 1st quarter worth about $118,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of First Trust Enhanced Equity Income Fund by 30.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,034 shares of the company’s stock valued at $164,000 after buying an additional 1,894 shares during the period.

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.