Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Sees Significant Decline in Short Interest

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 42,900 shares, a drop of 37.6% from the February 13th total of 68,800 shares. Based on an average daily trading volume, of 83,700 shares, the days-to-cover ratio is currently 0.5 days.

Eaton Vance Enhanced Equity Income Fund Stock Up 0.2 %

Shares of Eaton Vance Enhanced Equity Income Fund stock traded up $0.04 during trading on Friday, reaching $18.96. 84,875 shares of the company traded hands, compared to its average volume of 82,932. Eaton Vance Enhanced Equity Income Fund has a 1-year low of $17.10 and a 1-year high of $22.10. The company has a 50 day moving average price of $20.50 and a 200-day moving average price of $20.47.

Eaton Vance Enhanced Equity Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.1338 per share. The ex-dividend date is Friday, March 14th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.47%.

Institutional Trading of Eaton Vance Enhanced Equity Income Fund

Several large investors have recently made changes to their positions in EOI. B. Riley Wealth Advisors Inc. boosted its holdings in Eaton Vance Enhanced Equity Income Fund by 2.4% in the third 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 in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 8.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 8,594 shares of the company’s stock worth $174,000 after purchasing an additional 656 shares in the last quarter. JPMorgan Chase & Co. grew its position in Eaton Vance Enhanced Equity Income Fund by 16.6% in the 4th 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 during the period. Guerra Pan Advisors LLC grew its position in Eaton Vance Enhanced Equity Income Fund by 3.6% in the 4th quarter. Guerra Pan Advisors LLC now owns 36,206 shares of the company’s stock valued at $752,000 after purchasing an additional 1,245 shares during the period. Finally, TPG Advisors LLC increased its stake in Eaton Vance Enhanced Equity Income Fund by 1.3% during the 4th quarter. TPG Advisors LLC now owns 97,329 shares of the company’s stock valued at $2,022,000 after purchasing an additional 1,283 shares in 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.