Eaton Vance Enhanced Equity Income Fund II (NYSEARCA:EOS) Sees Significant Drop in Short Interest

Eaton Vance Enhanced Equity Income Fund II (NYSEARCA:EOS) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 11,600 shares, a decline of 47.0% from the August 15th total of 21,900 shares. Based on an average trading volume of 86,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 86,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EOS. Osaic Holdings Inc. raised its stake in shares of Eaton Vance Enhanced Equity Income Fund II by 153.9% during the 2nd quarter. Osaic Holdings Inc. now owns 647,966 shares of the company’s stock worth $15,688,000 after acquiring an additional 392,763 shares in the last quarter. Global Assets Advisory LLC grew its position in Eaton Vance Enhanced Equity Income Fund II by 192.1% during the 1st quarter. Global Assets Advisory LLC now owns 151,413 shares of the company’s stock worth $3,039,000 after purchasing an additional 99,570 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Eaton Vance Enhanced Equity Income Fund II during the 2nd quarter worth approximately $939,000. Jane Street Group LLC purchased a new stake in Eaton Vance Enhanced Equity Income Fund II during the 1st quarter worth approximately $808,000. Finally, Invesco Ltd. grew its position in Eaton Vance Enhanced Equity Income Fund II by 6.5% during the 2nd quarter. Invesco Ltd. now owns 562,802 shares of the company’s stock worth $13,625,000 after purchasing an additional 34,128 shares during the last quarter.

Eaton Vance Enhanced Equity Income Fund II Trading Up 0.1%

NYSEARCA EOS opened at $24.43 on Friday. The company has a 50 day moving average price of $24.07 and a 200 day moving average price of $22.79. Eaton Vance Enhanced Equity Income Fund II has a 52 week low of $17.56 and a 52 week high of $24.98.

Eaton Vance Enhanced Equity Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.1523 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Monday, September 15th.

About Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Enhanced Equity Income Fund II is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of mid-cap and large-cap companies.