Eaton Vance Enhanced Equity Income Fund (NYSE:EOI – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 25,138 shares, a decrease of 53.9% from the July 15th total of 54,584 shares. Based on an average daily trading volume, of 64,498 shares, the short-interest ratio is currently 0.4 days.
Eaton Vance Enhanced Equity Income Fund Trading Down 0.9%
Shares of EOI traded down $0.18 on Friday, reaching $20.12. The company’s stock had a trading volume of 59,346 shares, compared to its average volume of 80,684. Eaton Vance Enhanced Equity Income Fund has a twelve month low of $18.03 and a twelve month high of $21.58. The firm has a fifty day moving average of $19.70 and a 200-day moving average of $19.82.
Eaton Vance Enhanced Equity Income Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be issued a dividend of $0.1338 per share. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Friday, August 14th.
Insider Buying and Selling at Eaton Vance Enhanced Equity Income Fund
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Focus Partners Wealth purchased a new position in shares of Eaton Vance Enhanced Equity Income Fund during the fourth quarter valued at approximately $16,037,000. Roman Butler Fullerton & Co. bought a new position in Eaton Vance Enhanced Equity Income Fund during the 2nd quarter valued at $6,298,000. Elevation Point Wealth Partners LLC bought a new position in Eaton Vance Enhanced Equity Income Fund during the 2nd quarter valued at $3,634,000. Fund Advisors of America Inc FL purchased a new position in Eaton Vance Enhanced Equity Income Fund during the 2nd quarter worth $2,272,000. Finally, Readystate Asset Management LP purchased a new position in Eaton Vance Enhanced Equity Income Fund during the 4th quarter worth $2,062,000.
About Eaton Vance Enhanced Equity Income Fund
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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