First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Down 42.5% in May

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 4,297 shares, a decrease of 42.5% from the May 14th total of 7,470 shares. Based on an average daily volume of 29,084 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of First Trust Enhanced Equity Income Fund

Large investors have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC acquired a new stake in First Trust Enhanced Equity Income Fund during the 4th quarter worth $25,000. Global Assets Advisory LLC acquired a new stake in First Trust Enhanced Equity Income Fund during the 1st quarter worth $41,000. Axiom Investment Management LLC acquired a new stake in First Trust Enhanced Equity Income Fund during the 1st quarter worth $118,000. EverSource Wealth Advisors LLC acquired a new stake in shares of First Trust Enhanced Equity Income Fund in the 3rd quarter worth $172,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of First Trust Enhanced Equity Income Fund by 30.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,034 shares of the company’s stock worth $164,000 after acquiring an additional 1,894 shares during the period.

First Trust Enhanced Equity Income Fund Trading Up 0.1%

Shares of NYSE:FFA opened at $22.43 on Friday. The firm has a fifty day moving average price of $22.19 and a 200 day moving average price of $21.83. First Trust Enhanced Equity Income Fund has a 1-year low of $19.50 and a 1-year high of $23.24.

First Trust Enhanced Equity Income Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be paid a dividend of $0.3875 per share. The ex-dividend date is Monday, June 22nd. This represents a $1.55 dividend on an annualized basis and a 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.