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

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 66,300 shares, an increase of 351.0% from the October 15th total of 14,700 shares. Based on an average daily volume of 86,600 shares, the days-to-cover ratio is currently 0.8 days.

Eaton Vance Enhanced Equity Income Fund Price Performance

EOI stock traded down $0.16 during midday trading on Tuesday, hitting $20.48. The stock had a trading volume of 73,302 shares, compared to its average volume of 82,757. Eaton Vance Enhanced Equity Income Fund has a 1-year low of $15.49 and a 1-year high of $20.85. The business has a fifty day moving average price of $19.93 and a two-hundred day moving average price of $19.26.

Eaton Vance Enhanced Equity Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.1338 per share. The ex-dividend date is Thursday, November 21st. This represents a $1.61 annualized dividend and a dividend yield of 7.84%.

Institutional Investors Weigh In On Eaton Vance Enhanced Equity Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in EOI. Cornerstone Advisors LLC grew its position in shares of Eaton Vance Enhanced Equity Income Fund by 28.0% during the 1st quarter. Cornerstone Advisors LLC now owns 226,249 shares of the company’s stock valued at $4,125,000 after acquiring an additional 49,489 shares during the period. Cetera Advisors LLC bought a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the 1st quarter worth $305,000. Warther Private Wealth LLC bought a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the 2nd quarter worth $266,000. Roman Butler Fullerton & Co. lifted its stake in Eaton Vance Enhanced Equity Income Fund by 3.5% in the second quarter. Roman Butler Fullerton & Co. now owns 182,712 shares of the company’s stock worth $3,665,000 after purchasing an additional 6,114 shares during the last quarter. Finally, OxenFree Capital LLC lifted its stake in Eaton Vance Enhanced Equity Income Fund by 6.7% in the second quarter. OxenFree Capital LLC now owns 80,700 shares of the company’s stock worth $1,568,000 after purchasing an additional 5,047 shares during the last quarter.

About Eaton Vance Enhanced Equity Income Fund

Eaton Vance Enhanced Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap and mid-cap companies with a focus on investing in companies with above average growth and financial condition against valuation in selecting individual securities.