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

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,958 shares, a decline of 45.8% from the April 30th total of 7,302 shares. Based on an average daily volume of 76,582 shares, the days-to-cover ratio is currently 0.1 days.

Eaton Vance Enhanced Equity Income Fund Stock Down 0.1%

NYSE:EOI opened at $20.06 on Monday. Eaton Vance Enhanced Equity Income Fund has a twelve month low of $18.03 and a twelve month high of $21.58. The stock’s 50 day moving average price is $19.56 and its two-hundred day moving average price is $20.00.

Eaton Vance Enhanced Equity Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.1338 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 15.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,428 shares of the company’s stock worth $93,000 after acquiring an additional 600 shares during the last quarter. PMG Family Office LLC increased its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 0.9% during the 4th quarter. PMG Family Office LLC now owns 76,143 shares of the company’s stock worth $1,566,000 after acquiring an additional 700 shares during the last quarter. Bryn Mawr Trust Advisors LLC increased its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 6.9% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 15,019 shares of the company’s stock worth $309,000 after acquiring an additional 966 shares during the last quarter. Commons Capital LLC increased its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 6.7% during the 4th quarter. Commons Capital LLC now owns 17,751 shares of the company’s stock worth $365,000 after acquiring an additional 1,111 shares during the last quarter. Finally, Wedbush Securities Inc. increased its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 11.7% during the 4th quarter. Wedbush Securities Inc. now owns 11,028 shares of the company’s stock worth $227,000 after acquiring an additional 1,157 shares during the last quarter.

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.