Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS) Sees Large Decline in Short Interest

Eaton Vance Enhanced Equity Income Fund II (NYSE:EOS) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 3,273 shares, a decrease of 80.0% from the September 15th total of 16,359 shares. Based on an average trading volume of 130,201 shares, the days-to-cover ratio is presently 0.0 days.

Eaton Vance Enhanced Equity Income Fund II Trading Down 0.1%

EOS traded down $0.02 during trading hours on Monday, hitting $21.56. The stock had a trading volume of 123,632 shares, compared to its average volume of 132,809. Eaton Vance Enhanced Equity Income Fund II has a 1 year low of $19.44 and a 1 year high of $24.05. The company’s fifty day simple moving average is $21.53 and its 200 day simple moving average is $21.76.

Eaton Vance Enhanced Equity Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.1523 per share. This represents a $1.83 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Thursday, October 15th.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund II

Several large investors have recently modified their holdings of EOS. Integrated Wealth Concepts LLC purchased a new stake in shares of Eaton Vance Enhanced Equity Income Fund II during the 2nd quarter valued at approximately $91,000. Ameritas Advisory Services LLC boosted its holdings in Eaton Vance Enhanced Equity Income Fund II by 49.5% in the 2nd quarter. Ameritas Advisory Services LLC now owns 28,734 shares of the company’s stock worth $633,000 after buying an additional 9,517 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Eaton Vance Enhanced Equity Income Fund II by 7.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,166 shares of the company’s stock valued at $290,000 after buying an additional 965 shares in the last quarter. Integrated Capital Management Inc. purchased a new position in Eaton Vance Enhanced Equity Income Fund II in the 2nd quarter valued at approximately $380,000. Finally, Western Wealth Management LLC bought a new stake in Eaton Vance Enhanced Equity Income Fund II during the 1st quarter valued at $142,000.

About Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Enhanced Equity Income Fund II is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of mid-cap and large-cap companies. It generates current earnings from option premiums by selling covered call options on a substantial portion of its portfolio. The fund benchmarks the performance of its portfolio against the Russell 1000 Growth Index, the CBOE S&P 500 BuyWrite Index, and the CBOE NASDAQ-100 BuyWrite Index.