Short Interest in Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Decreases By 72.6%

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 8,800 shares, a drop of 72.6% from the March 15th total of 32,100 shares. Based on an average daily trading volume, of 94,100 shares, the days-to-cover ratio is currently 0.1 days.

Eaton Vance Enhanced Equity Income Fund Stock Up 1.2 %

Shares of Eaton Vance Enhanced Equity Income Fund stock traded up $0.21 during trading on Tuesday, reaching $18.05. 21,182 shares of the company traded hands, compared to its average volume of 85,255. The company has a 50 day moving average price of $19.37 and a 200-day moving average price of $20.30. Eaton Vance Enhanced Equity Income Fund has a 1-year low of $15.50 and a 1-year high of $22.10.

Eaton Vance Enhanced Equity Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.1338 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.61 annualized dividend and a yield of 8.90%.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

Several large investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. boosted its holdings in Eaton Vance Enhanced Equity Income Fund by 2.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 25,756 shares of the company’s stock worth $513,000 after acquiring an additional 596 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Eaton Vance Enhanced Equity Income Fund by 16.6% during the fourth quarter. JPMorgan Chase & Co. now owns 7,231 shares of the company’s stock valued at $150,000 after purchasing an additional 1,031 shares in the last quarter. Guerra Pan Advisors LLC boosted its holdings in Eaton Vance Enhanced Equity Income Fund by 3.6% during the fourth quarter. Guerra Pan Advisors LLC now owns 36,206 shares of the company’s stock worth $752,000 after purchasing an additional 1,245 shares during the last quarter. TPG Advisors LLC grew its position in Eaton Vance Enhanced Equity Income Fund by 1.3% in the 4th quarter. TPG Advisors LLC now owns 97,329 shares of the company’s stock worth $2,022,000 after purchasing an additional 1,283 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its stake in Eaton Vance Enhanced Equity Income Fund by 6.0% in the 4th quarter. Atomi Financial Group Inc. now owns 23,168 shares of the company’s stock valued at $481,000 after buying an additional 1,307 shares during the last quarter.

About Eaton Vance Enhanced Equity Income Fund

Eaton Vance Enhanced Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap and mid-cap companies with a focus on investing in companies with above average growth and financial condition against valuation in selecting individual securities.