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

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) was the target of a large growth in short interest during 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 trading volume of 78,790 shares, the short-interest ratio is presently 0.3 days.

Insider Transactions at Eaton Vance Enhanced Equity Income Fund

In other news, Portfolio Manager Charles Gaffney bought 25,000 shares of the stock in a transaction on Monday, July 13th. The stock was acquired at an average price of $20.11 per share, with a total value of $502,750.00. Following the acquisition, the portfolio manager directly owned 25,000 shares in the company, valued at approximately $502,750. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of Eaton Vance Enhanced Equity Income Fund by 5.5% during the first quarter. Royal Bank of Canada now owns 272,574 shares of the company’s stock valued at $5,114,000 after acquiring an additional 14,091 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Eaton Vance Enhanced Equity Income Fund by 127.6% in the second quarter. Geneos Wealth Management Inc. now owns 5,772 shares of the company’s stock worth $121,000 after purchasing an additional 3,236 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Eaton Vance Enhanced Equity Income Fund in the second quarter worth $453,000. 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 period. Finally, UBS Group AG increased its holdings in Eaton Vance Enhanced Equity Income Fund by 2.8% in the third quarter. UBS Group AG now owns 190,755 shares of the company’s stock valued at $4,006,000 after purchasing an additional 5,140 shares during the period.

Eaton Vance Enhanced Equity Income Fund Stock Performance

Shares of NYSE:EOI traded down $0.28 during midday trading on Friday, hitting $19.74. 50,657 shares of the stock were exchanged, compared to its average volume of 81,143. The business’s 50-day moving average price is $19.68 and its 200 day moving average price is $19.94. Eaton Vance Enhanced Equity Income Fund has a 12 month low of $18.03 and a 12 month high of $21.58.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.1338 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a 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.