Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Update

Eaton Vance Enhanced Equity Income Fund (NYSE:EOIGet Free Report) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 7,510 shares, an increase of 89.7% from the May 14th total of 3,958 shares. Based on an average trading volume of 68,347 shares, the short-interest ratio is presently 0.1 days.

Eaton Vance Enhanced Equity Income Fund Stock Up 0.8%

Shares of EOI traded up $0.17 during trading hours on Monday, reaching $19.61. 103,081 shares of the company traded hands, compared to its average volume of 83,905. Eaton Vance Enhanced Equity Income Fund has a fifty-two week low of $18.03 and a fifty-two week high of $21.58. The stock has a fifty day simple moving average of $19.74 and a 200 day simple moving average of $19.98.

Eaton Vance Enhanced Equity Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.1338 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Trading of Eaton Vance Enhanced Equity Income Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Focus Partners Wealth acquired a new stake in Eaton Vance Enhanced Equity Income Fund in the 4th quarter worth about $16,037,000. Bank of America Corp DE boosted its stake in Eaton Vance Enhanced Equity Income Fund by 2.6% in the 3rd quarter. Bank of America Corp DE now owns 590,245 shares of the company’s stock worth $12,395,000 after buying an additional 15,180 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Eaton Vance Enhanced Equity Income Fund by 3.8% in the 4th quarter. Wells Fargo & Company MN now owns 513,967 shares of the company’s stock worth $10,567,000 after buying an additional 18,910 shares during the last quarter. Invesco Ltd. boosted its stake in Eaton Vance Enhanced Equity Income Fund by 6.4% in the 4th quarter. Invesco Ltd. now owns 459,475 shares of the company’s stock worth $9,447,000 after buying an additional 27,719 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Eaton Vance Enhanced Equity Income Fund by 2.3% in the 1st quarter. Royal Bank of Canada now owns 336,433 shares of the company’s stock worth $6,318,000 after buying an additional 7,608 shares during the last quarter.

About Eaton Vance Enhanced Equity Income Fund

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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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