First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Update
by Scott Moore · The Cerbat GemFirst Trust Enhanced Equity Income Fund (NYSE:FFA – Get Free Report) was the recipient of a significant decrease in short interest during 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 volume of 21,784 shares, the short-interest ratio is currently 0.4 days.
First Trust Enhanced Equity Income Fund Trading Down 0.1%
FFA traded down $0.03 on Monday, reaching $22.47. The company’s stock had a trading volume of 14,561 shares, compared to its average volume of 29,034. First Trust Enhanced Equity Income Fund has a 1 year low of $19.21 and a 1 year high of $22.78. The business’s 50 day moving average is $21.41 and its 200 day moving average is $21.67.
First Trust Enhanced Equity Income Fund Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 20th were issued a $0.3875 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.55 dividend on an annualized basis and a yield of 6.9%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC bought a new position in First Trust Enhanced Equity Income Fund during the 4th quarter worth approximately $25,000. Global Assets Advisory LLC bought a new position in First Trust Enhanced Equity Income Fund during the 1st quarter worth approximately $41,000. PNC Financial Services Group Inc. lifted its holdings in First Trust Enhanced Equity Income Fund by 30.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,034 shares of the company’s stock worth $164,000 after buying an additional 1,894 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in First Trust Enhanced Equity Income Fund during the 3rd quarter worth approximately $172,000. Finally, Stifel Financial Corp bought a new position in First Trust Enhanced Equity Income Fund during the 4th quarter worth approximately $224,000.
First Trust Enhanced Equity Income Fund Company Profile
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.