Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Up 26.9% in June

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 9,900 shares, a growth of 26.9% from the May 31st total of 7,800 shares. Based on an average daily trading volume, of 77,300 shares, the days-to-cover ratio is currently 0.1 days.

Eaton Vance Enhanced Equity Income Fund Stock Performance

Shares of NYSE:EOI opened at $19.41 on Tuesday. The business has a 50-day moving average of $18.57 and a two-hundred day moving average of $17.87. Eaton Vance Enhanced Equity Income Fund has a 12 month low of $14.36 and a 12 month high of $19.70.

Eaton Vance Enhanced Equity Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 21st were issued a $0.134 dividend. This is a positive change from Eaton Vance Enhanced Equity Income Fund’s previous monthly dividend of $0.13. The ex-dividend date was Friday, June 21st. This represents a $1.61 annualized dividend and a yield of 8.28%.

Institutional Investors Weigh In On Eaton Vance Enhanced Equity Income Fund

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. increased its holdings in Eaton Vance Enhanced Equity Income Fund by 44.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 570,700 shares of the company’s stock valued at $9,462,000 after purchasing an additional 176,206 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Eaton Vance Enhanced Equity Income Fund by 1.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 452,017 shares of the company’s stock worth $8,240,000 after acquiring an additional 5,158 shares in the last quarter. Invesco Ltd. boosted its holdings in Eaton Vance Enhanced Equity Income Fund by 13.4% in the 3rd quarter. Invesco Ltd. now owns 410,999 shares of the company’s stock worth $6,514,000 after acquiring an additional 48,640 shares during the period. Cornerstone Advisors LLC raised its stake in shares of Eaton Vance Enhanced Equity Income Fund by 28.0% during the first quarter. Cornerstone Advisors LLC now owns 226,249 shares of the company’s stock valued at $4,125,000 after purchasing an additional 49,489 shares during the period. Finally, UBS Group AG lifted its position in shares of Eaton Vance Enhanced Equity Income Fund by 1.7% during the third quarter. UBS Group AG now owns 205,104 shares of the company’s stock worth $3,251,000 after purchasing an additional 3,456 shares in the last quarter.

Eaton Vance Enhanced Equity Income Fund Company Profile

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.