Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Up 169.1% in July

Eaton Vance Enhanced Equity Income Fund (NYSE:EOIGet Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 54,584 shares, a growth of 169.1% from the June 30th total of 20,281 shares. Based on an average trading volume of 56,936 shares, the short-interest ratio is currently 1.0 days.

Eaton Vance Enhanced Equity Income Fund Price Performance

Shares of NYSE:EOI traded down $0.03 during midday trading on Tuesday, reaching $19.62. The company’s stock had a trading volume of 68,101 shares, compared to its average volume of 79,908. The business has a 50 day moving average price of $19.66 and a 200 day moving average price of $19.89. Eaton Vance Enhanced Equity Income Fund has a 1 year low of $18.03 and a 1 year high of $21.58.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.1338 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 8.2%.

Insiders Place Their Bets

In other Eaton Vance Enhanced Equity Income Fund news, Portfolio Manager Charles Gaffney purchased 25,000 shares of Eaton Vance Enhanced Equity Income Fund stock in a transaction on Monday, July 13th. The shares were bought at an average price of $20.11 per share, with a total value of $502,750.00. Following the purchase, the portfolio manager directly owned 25,000 shares in the company, valued at $502,750. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in Eaton Vance Enhanced Equity Income Fund by 15.7% in the third quarter. JPMorgan Chase & Co. now owns 4,428 shares of the company’s stock valued at $93,000 after purchasing an additional 600 shares during the period. PMG Family Office LLC grew its stake in shares of Eaton Vance Enhanced Equity Income Fund by 0.9% during the 4th quarter. PMG Family Office LLC now owns 76,143 shares of the company’s stock valued at $1,566,000 after buying an additional 700 shares during the period. Bryn Mawr Trust Advisors LLC grew its stake in shares of Eaton Vance Enhanced Equity Income Fund by 6.9% during the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 15,019 shares of the company’s stock valued at $309,000 after buying an additional 966 shares during the period. Wedbush Securities Inc. increased its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 11.7% during the 4th quarter. Wedbush Securities Inc. now owns 11,028 shares of the company’s stock worth $227,000 after buying an additional 1,157 shares during the last quarter. Finally, Roman Butler Fullerton & Co. increased its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 0.5% during the 1st quarter. Roman Butler Fullerton & Co. now owns 220,865 shares of the company’s stock worth $4,344,000 after buying an additional 1,171 shares during the last quarter.

Eaton Vance Enhanced Equity Income Fund Company Profile

(Get Free Report)

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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