Short Interest in First Trust Enhanced Equity Income Fund (NYSE:FFA) Increases By 39.9%

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 11,248 shares, an increase of 39.9% from the February 26th total of 8,038 shares. Based on an average daily volume of 21,136 shares, the short-interest ratio is presently 0.5 days.

First Trust Enhanced Equity Income Fund Price Performance

FFA stock traded down $0.10 during trading on Monday, reaching $19.56. 55,303 shares of the stock were exchanged, compared to its average volume of 29,807. The business has a 50 day moving average price of $21.58 and a 200-day moving average price of $21.62. First Trust Enhanced Equity Income Fund has a 1 year low of $15.00 and a 1 year high of $22.31.

First Trust Enhanced Equity Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Friday, March 20th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FFA. Blue Bell Private Wealth Management LLC purchased a new stake in First Trust Enhanced Equity Income Fund in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of First Trust Enhanced Equity Income Fund in the 3rd quarter valued at $172,000. Stifel Financial Corp purchased a new position in shares of First Trust Enhanced Equity Income Fund during the 4th quarter worth $224,000. CIBC Asset Management Inc purchased a new position in shares of First Trust Enhanced Equity Income Fund during the 4th quarter worth $226,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of First Trust Enhanced Equity Income Fund during the 4th quarter worth about $228,000.

First Trust Enhanced Equity Income Fund Company Profile

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.