Short Interest in Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Declines By 13.5%

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 145,883 shares, a decrease of 13.5% from the February 12th total of 168,573 shares. Based on an average daily volume of 78,206 shares, the short-interest ratio is currently 1.9 days. Based on an average daily volume of 78,206 shares, the short-interest ratio is currently 1.9 days.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

Large investors have recently bought and sold shares of the company. Eagle Bay Advisors LLC bought a new position in shares of Eaton Vance Enhanced Equity Income Fund during 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 fourth quarter worth $67,000. Wolverine Asset Management LLC acquired a new position in Eaton Vance Enhanced Equity Income Fund during the third quarter worth $85,000. JPMorgan Chase & Co. boosted its holdings in Eaton Vance Enhanced Equity Income Fund by 15.7% during 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. Finally, Geneos Wealth Management Inc. grew its position in Eaton Vance Enhanced Equity Income Fund by 127.6% in the second quarter. Geneos Wealth Management Inc. now owns 5,772 shares of the company’s stock valued at $121,000 after purchasing an additional 3,236 shares in the last quarter.

Eaton Vance Enhanced Equity Income Fund Price Performance

EOI opened at $19.38 on Thursday. The business’s 50-day moving average price is $20.43 and its two-hundred day moving average price is $20.47. Eaton Vance Enhanced Equity Income Fund has a 1 year low of $15.50 and a 1 year 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 Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $0.1338 dividend. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Monday, March 16th.

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.