First Trust Enhanced Equity Income Fund (NYSE:FFA) Sees Large Decrease in Short Interest

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

Institutional Investors Weigh In On First Trust Enhanced Equity Income Fund

A number of large investors have recently added to or reduced their stakes in FFA. PMG Family Office LLC acquired a new stake in First Trust Enhanced Equity Income Fund during the 3rd quarter valued at $1,230,000. Shaker Financial Services LLC grew its holdings in First Trust Enhanced Equity Income Fund by 16.8% during the 4th quarter. Shaker Financial Services LLC now owns 286,580 shares of the company’s stock valued at $6,310,000 after purchasing an additional 41,233 shares in the last quarter. Readystate Asset Management LP acquired a new stake in First Trust Enhanced Equity Income Fund during the 4th quarter valued at $844,000. Invesco Ltd. grew its holdings in First Trust Enhanced Equity Income Fund by 8.7% during the 4th quarter. Invesco Ltd. now owns 415,134 shares of the company’s stock valued at $9,141,000 after purchasing an additional 33,158 shares in the last quarter. Finally, Aurora Private Wealth Inc. acquired a new stake in First Trust Enhanced Equity Income Fund during the 4th quarter valued at $534,000.

First Trust Enhanced Equity Income Fund Price Performance

Shares of NYSE FFA traded down $0.20 on Friday, hitting $22.51. The company had a trading volume of 28,781 shares, compared to its average volume of 29,190. First Trust Enhanced Equity Income Fund has a 12-month low of $19.21 and a 12-month high of $22.78. The business has a 50 day moving average of $21.40 and a two-hundred day moving average of $21.67.

First Trust Enhanced Equity Income Fund Dividend Announcement

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

About First Trust Enhanced Equity Income Fund

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.