Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Up 129.7% in August

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 55,898 shares, an increase of 129.7% from the August 15th total of 24,332 shares. Based on an average trading volume of 57,674 shares, the days-to-cover ratio is currently 1.0 days.

Insider Transactions at Eaton Vance Enhanced Equity Income Fund

In other Eaton Vance Enhanced Equity Income Fund news, Portfolio Manager Charles Gaffney purchased 25,000 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were acquired at an average price of $20.11 per share, for a total transaction of $502,750.00. Following the acquisition, the portfolio manager owned 25,000 shares of the company’s stock, 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 can be accessed through the SEC website.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bullseye Investment Management LLC bought a new position in shares of Eaton Vance Enhanced Equity Income Fund during the 2nd quarter worth approximately $26,000. HighTower Advisors LLC grew its position in Eaton Vance Enhanced Equity Income Fund by 37.5% in the second quarter. HighTower Advisors LLC now owns 65,479 shares of the company’s stock valued at $1,337,000 after acquiring an additional 17,870 shares during the period. Readystate Asset Management LP bought a new stake in Eaton Vance Enhanced Equity Income Fund in the second quarter valued at $713,000. Ameritas Advisory Services LLC raised its stake in Eaton Vance Enhanced Equity Income Fund by 36.1% during the second quarter. Ameritas Advisory Services LLC now owns 73,852 shares of the company’s stock worth $1,452,000 after acquiring an additional 19,590 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Eaton Vance Enhanced Equity Income Fund by 40.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 57,356 shares of the company’s stock worth $1,148,000 after acquiring an additional 16,405 shares in the last quarter.

Eaton Vance Enhanced Equity Income Fund Stock Performance

EOI stock opened at $19.46 on Wednesday. The company has a 50-day moving average of $19.92 and a two-hundred day moving average of $19.72. Eaton Vance Enhanced Equity Income Fund has a 52-week low of $18.03 and a 52-week high of $21.44.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.1338 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Tuesday, September 15th.

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.