Short Interest in First Trust Enhanced Equity Income Fund (NYSE:FFA) Increases By 43.7%

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 27,300 shares, a growth of 43.7% from the March 15th total of 19,000 shares. Based on an average daily volume of 39,600 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On First Trust Enhanced Equity Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moloney Securities Asset Management LLC boosted its stake in shares of First Trust Enhanced Equity Income Fund by 7.3% in the fourth quarter. Moloney Securities Asset Management LLC now owns 12,544 shares of the company’s stock valued at $260,000 after buying an additional 852 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of First Trust Enhanced Equity Income Fund by 6.0% during the 4th quarter. D.A. Davidson & CO. now owns 19,873 shares of the company’s stock worth $412,000 after purchasing an additional 1,124 shares in the last quarter. Shaker Financial Services LLC grew its stake in shares of First Trust Enhanced Equity Income Fund by 1.0% during the 4th quarter. Shaker Financial Services LLC now owns 119,142 shares of the company’s stock worth $2,467,000 after purchasing an additional 1,157 shares during the period. Atomi Financial Group Inc. increased its holdings in shares of First Trust Enhanced Equity Income Fund by 6.4% in the 4th quarter. Atomi Financial Group Inc. now owns 22,656 shares of the company’s stock valued at $469,000 after purchasing an additional 1,366 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its stake in shares of First Trust Enhanced Equity Income Fund by 10.0% in the fourth quarter. Koshinski Asset Management Inc. now owns 15,612 shares of the company’s stock valued at $323,000 after purchasing an additional 1,418 shares during the period.

First Trust Enhanced Equity Income Fund Stock Performance

NYSE:FFA traded up $0.12 during midday trading on Friday, reaching $18.10. The stock had a trading volume of 36,974 shares, compared to its average volume of 28,199. First Trust Enhanced Equity Income Fund has a 12-month low of $15.00 and a 12-month high of $21.24. The firm has a fifty day simple moving average of $19.42 and a two-hundred day simple moving average of $20.19.

First Trust Enhanced Equity Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.40 dividend on an annualized basis and a yield of 7.73%.

First Trust Enhanced Equity Income Fund Company Profile

First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across the diversified sectors.