Short Interest in Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Drops By 64.8%

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 14,700 shares, a decline of 64.8% from the September 30th total of 41,800 shares. Based on an average daily volume of 87,800 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. increased its stake in Eaton Vance Enhanced Equity Income Fund by 32.2% during the 1st quarter. Sunbelt Securities Inc. now owns 2,338 shares of the company’s stock valued at $43,000 after purchasing an additional 570 shares in the last quarter. Fortitude Family Office LLC acquired a new position in Eaton Vance Enhanced Equity Income Fund during the 3rd quarter valued at approximately $96,000. Register Financial Advisors LLC acquired a new position in Eaton Vance Enhanced Equity Income Fund during the 1st quarter valued at approximately $128,000. Bryn Mawr Capital Management LLC boosted its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 857.9% in the 2nd quarter. Bryn Mawr Capital Management LLC now owns 12,500 shares of the company’s stock valued at $240,000 after acquiring an additional 11,195 shares during the last quarter. Finally, Warther Private Wealth LLC purchased a new stake in shares of Eaton Vance Enhanced Equity Income Fund in the 2nd quarter valued at $266,000.

Eaton Vance Enhanced Equity Income Fund Trading Up 0.5 %

Shares of NYSE EOI traded up $0.10 during trading hours on Friday, hitting $20.15. 56,111 shares of the stock were exchanged, compared to its average volume of 83,199. The firm has a fifty day moving average price of $19.72 and a 200-day moving average price of $19.07. Eaton Vance Enhanced Equity Income Fund has a 12 month low of $14.36 and a 12 month high of $20.50.

Eaton Vance Enhanced Equity Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd will be paid a dividend of $0.134 per share. This represents a $1.61 annualized dividend and a dividend yield of 7.98%. The ex-dividend date is Wednesday, October 23rd. This is a positive change from Eaton Vance Enhanced Equity Income Fund’s previous monthly dividend of $0.13.

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.