Eaton Vance Enhanced Equity Income Fund (NYSE:EOI – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 3,958 shares, a drop of 45.8% from the April 30th total of 7,302 shares. Based on an average trading volume of 76,582 shares, the days-to-cover ratio is presently 0.1 days.
Eaton Vance Enhanced Equity Income Fund Stock Performance
Shares of NYSE EOI traded up $0.01 during trading on Tuesday, reaching $19.96. 93,510 shares of the company traded hands, compared to its average volume of 85,360. The firm has a 50 day simple moving average of $19.58 and a 200-day simple moving average of $20.00. Eaton Vance Enhanced Equity Income Fund has a 52-week low of $18.03 and a 52-week high of $21.58.
Eaton Vance Enhanced Equity Income Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.1338 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Monday, June 15th.
Institutional Trading of Eaton Vance Enhanced Equity Income Fund
Eaton Vance Enhanced Equity Income Fund Company Profile
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.
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