Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Down 79.5% in April

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 7,302 shares, a drop of 79.5% from the April 15th total of 35,689 shares. Based on an average trading volume of 105,335 shares, the short-interest ratio is currently 0.1 days.

Eaton Vance Enhanced Equity Income Fund Stock Performance

Eaton Vance Enhanced Equity Income Fund stock opened at $19.92 on Tuesday. The stock’s fifty day moving average price is $19.60 and its two-hundred day moving average price is $20.07. Eaton Vance Enhanced Equity Income Fund has a one year low of $18.03 and a one year high of $21.58.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.1338 per share. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, May 15th.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC bought a new position in Eaton Vance Enhanced Equity Income Fund during the 4th quarter worth $31,000. Fifth Third Bancorp bought a new position in shares of Eaton Vance Enhanced Equity Income Fund in the 1st quarter valued at $28,000. Kestra Advisory Services LLC bought a new position in shares of Eaton Vance Enhanced Equity Income Fund in the 4th quarter valued at $67,000. Wolverine Asset Management LLC bought a new position in shares of Eaton Vance Enhanced Equity Income Fund in the 3rd quarter valued at $85,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Eaton Vance Enhanced Equity Income Fund by 15.7% in the 3rd 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 last quarter.

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.