Eaton Vance Enhanced Equity Income Fund (NYSE:EOI – Get 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
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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