Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Update
by Scott Moore · The Cerbat GemEaton Vance Enhanced Equity Income Fund (NYSE:EOI – Get Free Report) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 35,689 shares, a decrease of 66.0% from the March 31st total of 104,871 shares. Based on an average daily trading volume, of 129,930 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Trading of Eaton Vance Enhanced Equity Income Fund
Several institutional investors have recently made changes to their positions in EOI. Focus Partners Wealth purchased a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the fourth quarter worth about $16,037,000. Elevation Point Wealth Partners LLC purchased a new position in Eaton Vance Enhanced Equity Income Fund during the 3rd quarter valued at approximately $3,455,000. Vestmark Advisory Solutions Inc. purchased a new position in Eaton Vance Enhanced Equity Income Fund during the 3rd quarter valued at approximately $3,380,000. Readystate Asset Management LP purchased a new position in Eaton Vance Enhanced Equity Income Fund during the 4th quarter valued at approximately $2,062,000. Finally, Wolverine Asset Management LLC grew its holdings in Eaton Vance Enhanced Equity Income Fund by 1,900.9% during the 4th quarter. Wolverine Asset Management LLC now owns 81,237 shares of the company’s stock valued at $1,670,000 after buying an additional 77,177 shares in the last quarter.
Eaton Vance Enhanced Equity Income Fund Stock Performance
EOI traded up $0.22 during midday trading on Friday, reaching $19.97. The company had a trading volume of 47,498 shares, compared to its average volume of 85,859. The business has a 50-day moving average of $19.69 and a two-hundred day moving average of $20.12. Eaton Vance Enhanced Equity Income Fund has a 1 year low of $18.03 and a 1 year high of $21.58.
Eaton Vance Enhanced Equity Income Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be given a dividend of $0.1338 per share. The ex-dividend date is Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 8.0%.
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.