First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Update

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 9,571 shares, a drop of 42.7% from the April 15th total of 16,713 shares. Based on an average trading volume of 21,784 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust Enhanced Equity Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FFA. Invesco Ltd. boosted its position in shares of First Trust Enhanced Equity Income Fund by 2.7% during the second quarter. Invesco Ltd. now owns 374,565 shares of the company’s stock worth $7,671,000 after purchasing an additional 9,889 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust Enhanced Equity Income Fund by 2.3% during the second quarter. Raymond James Financial Inc. now owns 253,106 shares of the company’s stock worth $5,184,000 after purchasing an additional 5,602 shares in the last quarter. Wolverine Asset Management LLC boosted its position in shares of First Trust Enhanced Equity Income Fund by 0.8% during the third quarter. Wolverine Asset Management LLC now owns 94,167 shares of the company’s stock worth $2,026,000 after purchasing an additional 785 shares in the last quarter. Truist Financial Corp boosted its position in shares of First Trust Enhanced Equity Income Fund by 17.5% during the third quarter. Truist Financial Corp now owns 61,223 shares of the company’s stock worth $1,318,000 after purchasing an additional 9,114 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of First Trust Enhanced Equity Income Fund by 9.5% during the third quarter. Envestnet Asset Management Inc. now owns 87,270 shares of the company’s stock worth $1,878,000 after purchasing an additional 7,571 shares in the last quarter.

First Trust Enhanced Equity Income Fund Stock Down 0.1%

Shares of FFA stock opened at $22.47 on Tuesday. First Trust Enhanced Equity Income Fund has a 52-week low of $19.21 and a 52-week high of $22.78. The firm’s 50 day moving average price is $21.41 and its two-hundred day moving average price is $21.67.

First Trust Enhanced Equity Income Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th were paid a $0.3875 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.55 dividend on an annualized basis and a yield of 6.9%.

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.