First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Update

First Trust Enhanced Equity Income Fund (NYSE:FFA) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 19,000 shares, a growth of 251.9% from the June 15th total of 5,400 shares. Based on an average daily volume of 22,000 shares, the days-to-cover ratio is currently 0.9 days.

First Trust Enhanced Equity Income Fund Trading Up 0.5 %

Shares of NYSE:FFA traded up $0.11 during trading on Friday, reaching $20.11. 12,473 shares of the stock were exchanged, compared to its average volume of 24,295. First Trust Enhanced Equity Income Fund has a 12 month low of $15.84 and a 12 month high of $20.25. The stock has a 50-day moving average price of $19.31 and a 200-day moving average price of $18.73.

First Trust Enhanced Equity Income Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 21st were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date of this dividend was Friday, June 21st. This is a boost from First Trust Enhanced Equity Income Fund’s previous quarterly dividend of $0.32.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC raised its position in shares of First Trust Enhanced Equity Income Fund by 1,391.9% in the fourth quarter. International Assets Investment Management LLC now owns 217,131 shares of the company’s stock valued at $3,967,000 after buying an additional 202,577 shares in the last quarter. Shaker Financial Services LLC increased its position in shares of First Trust Enhanced Equity Income Fund by 450.6% in the fourth quarter. Shaker Financial Services LLC now owns 191,154 shares of the company’s stock worth $3,492,000 after purchasing an additional 156,436 shares during the period. North Star Investment Management Corp. raised its stake in First Trust Enhanced Equity Income Fund by 3.8% in the first quarter. North Star Investment Management Corp. now owns 179,441 shares of the company’s stock valued at $3,391,000 after purchasing an additional 6,594 shares in the last quarter. Edmonds Duncan Registered Investment Advisors LLC lifted its position in First Trust Enhanced Equity Income Fund by 2.1% during the first quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 70,487 shares of the company’s stock worth $1,332,000 after purchasing an additional 1,435 shares during the period. Finally, CWM LLC grew its stake in First Trust Enhanced Equity Income Fund by 247.7% during the fourth quarter. CWM LLC now owns 22,377 shares of the company’s stock worth $409,000 after buying an additional 15,942 shares in the last quarter.

First Trust Enhanced Equity Income Fund Company Profile

First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across the diversified sectors.