Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Down 15.9% in March

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 122,690 shares, a decrease of 15.9% from the February 26th total of 145,883 shares. Based on an average daily trading volume, of 64,423 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Focus Partners Wealth acquired a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the 4th quarter worth about $16,037,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Eaton Vance Enhanced Equity Income Fund in the third quarter valued at approximately $3,455,000. Vestmark Advisory Solutions Inc. purchased a new position in shares of Eaton Vance Enhanced Equity Income Fund during the third quarter valued at approximately $3,380,000. Readystate Asset Management LP purchased a new position in shares of Eaton Vance Enhanced Equity Income Fund during the fourth quarter valued at approximately $2,062,000. Finally, Wolverine Asset Management LLC boosted its position in Eaton Vance Enhanced Equity Income Fund by 1,900.9% during the fourth quarter. Wolverine Asset Management LLC now owns 81,237 shares of the company’s stock worth $1,670,000 after acquiring an additional 77,177 shares during the last quarter.

Eaton Vance Enhanced Equity Income Fund Price Performance

NYSE EOI opened at $18.13 on Monday. Eaton Vance Enhanced Equity Income Fund has a fifty-two week low of $15.50 and a fifty-two week high of $21.58. The business has a fifty day moving average of $20.14 and a 200-day moving average of $20.34.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.1338 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) annualized dividend and a yield of 8.9%.

Eaton Vance Enhanced Equity Income Fund Company Profile

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.