Short Interest in First Trust Enhanced Equity Income Fund (NYSE:FFA) Rises By 10.9%

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 27,400 shares, an increase of 10.9% from the August 31st total of 24,700 shares. Based on an average trading volume of 23,500 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On First Trust Enhanced Equity Income Fund

A number of large investors have recently added to or reduced their stakes in FFA. Raymond James Trust N.A. boosted its holdings in shares of First Trust Enhanced Equity Income Fund by 8.9% during the second quarter. Raymond James Trust N.A. now owns 16,675 shares of the company’s stock worth $332,000 after purchasing an additional 1,368 shares during the period. Edmonds Duncan Registered Investment Advisors LLC grew its position in shares of First Trust Enhanced Equity Income Fund by 2.1% in the 1st quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 70,487 shares of the company’s stock worth $1,332,000 after buying an additional 1,435 shares during the last quarter. Truist Financial Corp grew its position in shares of First Trust Enhanced Equity Income Fund by 12.9% in the 2nd quarter. Truist Financial Corp now owns 34,451 shares of the company’s stock worth $686,000 after buying an additional 3,931 shares during the last quarter. West Bancorporation Inc. increased its stake in shares of First Trust Enhanced Equity Income Fund by 51.5% during the second quarter. West Bancorporation Inc. now owns 15,596 shares of the company’s stock valued at $311,000 after buying an additional 5,300 shares during the period. Finally, North Star Investment Management Corp. raised its holdings in shares of First Trust Enhanced Equity Income Fund by 3.8% during the first quarter. North Star Investment Management Corp. now owns 179,441 shares of the company’s stock valued at $3,391,000 after acquiring an additional 6,594 shares in the last quarter.

First Trust Enhanced Equity Income Fund Price Performance

First Trust Enhanced Equity Income Fund stock traded up $0.14 during trading hours on Friday, reaching $20.28. The company had a trading volume of 47,031 shares, compared to its average volume of 23,709. First Trust Enhanced Equity Income Fund has a 12-month low of $15.84 and a 12-month high of $20.57. The company has a 50-day moving average price of $19.76 and a 200 day moving average price of $19.30.

First Trust Enhanced Equity Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, September 20th. This represents a $1.40 annualized dividend and a yield of 6.90%.

About First Trust Enhanced Equity Income Fund

First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across the diversified sectors.