Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Up 94.1% in June

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 20,281 shares, a growth of 94.1% from the June 15th total of 10,447 shares. Based on an average daily volume of 78,790 shares, the short-interest ratio is presently 0.3 days.

Insider Activity at Eaton Vance Enhanced Equity Income Fund

In related news, Portfolio Manager Charles Gaffney acquired 25,000 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The shares were acquired at an average cost of $20.11 per share, for a total transaction of $502,750.00. Following the completion of the purchase, the portfolio manager directly owned 25,000 shares in the company, valued at $502,750. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Institutional Trading of Eaton Vance Enhanced Equity Income Fund

Large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new position in Eaton Vance Enhanced Equity Income Fund in the first quarter valued at about $28,000. Eagle Bay Advisors LLC bought a new position in shares of Eaton Vance Enhanced Equity Income Fund in the 4th quarter worth $31,000. Kestra Advisory Services LLC acquired a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the fourth quarter worth $67,000. JPMorgan Chase & Co. increased its holdings in Eaton Vance Enhanced Equity Income Fund by 15.7% in the third quarter. JPMorgan Chase & Co. now owns 4,428 shares of the company’s stock valued at $93,000 after purchasing an additional 600 shares during the last quarter. Finally, Axiom Investment Management LLC acquired a new stake in shares of Eaton Vance Enhanced Equity Income Fund in the 1st quarter valued at approximately $114,000.

Eaton Vance Enhanced Equity Income Fund Price Performance

Eaton Vance Enhanced Equity Income Fund stock opened at $19.74 on Friday. The company’s 50-day moving average price is $19.67 and its two-hundred day moving average price is $19.94. Eaton Vance Enhanced Equity Income Fund has a 52 week low of $18.03 and a 52 week high of $21.58.

Eaton Vance Enhanced Equity Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.1338 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

About Eaton Vance Enhanced Equity Income Fund

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.