First Trust Enhanced Equity Income Fund (NYSE:FFA) Sees Significant Growth in Short Interest

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 11,248 shares, a growth of 39.9% from the February 26th total of 8,038 shares. Based on an average daily trading volume, of 21,136 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Enhanced Equity Income Fund Stock Down 1.6%

Shares of NYSE FFA opened at $19.66 on Friday. First Trust Enhanced Equity Income Fund has a 12 month low of $15.00 and a 12 month high of $22.31. The business’s 50 day moving average is $21.58 and its two-hundred day moving average is $21.62.

First Trust Enhanced Equity Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be given a dividend of $0.3875 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.55 dividend on an annualized basis and a yield of 7.9%.

Institutional Trading of First Trust Enhanced Equity Income Fund

Hedge funds have recently bought and sold shares of the stock. Exeter Financial LLC grew its position in First Trust Enhanced Equity Income Fund by 2.8% in the 4th quarter. Exeter Financial LLC now owns 574,226 shares of the company’s stock worth $12,644,000 after purchasing an additional 15,837 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of First Trust Enhanced Equity Income Fund by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 509,613 shares of the company’s stock valued at $11,222,000 after buying an additional 5,162 shares during the period. Invesco Ltd. grew its position in First Trust Enhanced Equity Income Fund by 8.7% during the fourth quarter. Invesco Ltd. now owns 415,134 shares of the company’s stock worth $9,141,000 after buying an additional 33,158 shares in the last quarter. Shaker Financial Services LLC grew its position in First Trust Enhanced Equity Income Fund by 16.8% during the fourth quarter. Shaker Financial Services LLC now owns 286,580 shares of the company’s stock worth $6,310,000 after buying an additional 41,233 shares in the last quarter. Finally, UBS Group AG increased its stake in First Trust Enhanced Equity Income Fund by 1.3% during the fourth quarter. UBS Group AG now owns 276,052 shares of the company’s stock valued at $6,079,000 after acquiring an additional 3,556 shares during the period.

First Trust Enhanced Equity Income Fund Company Profile

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.