Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Sees Significant Decrease in Short Interest

Eaton Vance Enhanced Equity Income Fund (NYSE:EOIGet Free Report) saw a large decrease in short interest in April. As of April 30th, there was short interest totalling 20,200 shares, a decrease of 25.5% from the April 15th total of 27,100 shares. Based on an average daily trading volume, of 84,500 shares, the days-to-cover ratio is currently 0.2 days.

Eaton Vance Enhanced Equity Income Fund Trading Up 0.8 %

Shares of EOI stock traded up $0.15 during trading hours on Wednesday, hitting $18.54. The company had a trading volume of 40,523 shares, compared to its average volume of 82,611. Eaton Vance Enhanced Equity Income Fund has a 12 month low of $14.36 and a 12 month high of $18.88. The firm’s fifty day moving average is $18.19 and its 200 day moving average is $17.12.

Eaton Vance Enhanced Equity Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 24th will be given a $0.1338 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 8.66%. The ex-dividend date is Thursday, May 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EOI. NBC Securities Inc. acquired a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the 3rd quarter worth about $39,000. Sunbelt Securities Inc. boosted its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 32.2% in the 1st quarter. Sunbelt Securities Inc. now owns 2,338 shares of the company’s stock worth $43,000 after acquiring an additional 570 shares in the last quarter. Register Financial Advisors LLC bought a new stake in Eaton Vance Enhanced Equity Income Fund during the 1st quarter worth approximately $128,000. Bryn Mawr Capital Management LLC acquired a new stake in Eaton Vance Enhanced Equity Income Fund during the 3rd quarter valued at $198,000. Finally, Flow State Investments L.P. bought a new position in Eaton Vance Enhanced Equity Income Fund in the 4th quarter valued at $382,000.

Eaton Vance Enhanced Equity Income Fund Company Profile

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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.

Further Reading

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