Short Interest in First Trust Enhanced Equity Income Fund (NYSE:FFA) Grows By 1,237.7%

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 24,038 shares, a growth of 1,237.7% from the June 30th total of 1,797 shares. Based on an average daily volume of 24,216 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of First Trust Enhanced Equity Income Fund

Institutional investors have recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC acquired a new position in First Trust Enhanced Equity Income Fund during the fourth quarter worth $25,000. Allied Private Wealth LLC acquired a new stake in shares of First Trust Enhanced Equity Income Fund in the 2nd quarter valued at $26,000. Global Assets Advisory LLC bought a new stake in shares of First Trust Enhanced Equity Income Fund in the 1st quarter worth about $41,000. Axiom Investment Management LLC bought a new stake in shares of First Trust Enhanced Equity Income Fund in the 1st quarter worth about $118,000. Finally, PNC Financial Services Group Inc. increased its position in shares of First Trust Enhanced Equity Income Fund by 30.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,034 shares of the company’s stock worth $164,000 after purchasing an additional 1,894 shares in the last quarter.

First Trust Enhanced Equity Income Fund Stock Down 0.3%

FFA traded down $0.07 during midday trading on Friday, reaching $22.38. 27,892 shares of the company’s stock were exchanged, compared to its average volume of 28,845. The business has a 50-day simple moving average of $22.55 and a two-hundred day simple moving average of $21.97. First Trust Enhanced Equity Income Fund has a one year low of $19.50 and a one year high of $23.24.

First Trust Enhanced Equity Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd were issued a $0.3875 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.55 dividend on an annualized basis and a dividend yield of 6.9%.

About First Trust Enhanced Equity Income Fund

First Trust Enhanced Equity Income Fund (NYSE:FFA) is a closed-end management investment company managed by First Trust Advisors L.P. The fund seeks to provide total return with an emphasis on current income. To pursue its objective, the fund employs a dual strategy that combines equity ownership in U.S. companies with a systematic covered call option overlay.

FFA primarily invests in a diversified portfolio of common stocks of large- and mid-cap U.S. companies that are selected for their potential to pay dividends.