First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Update

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 11,152 shares, an increase of 129.1% from the December 31st total of 4,867 shares. Based on an average daily volume of 28,015 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 28,015 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Enhanced Equity Income Fund Stock Performance

First Trust Enhanced Equity Income Fund stock traded up $0.04 during mid-day trading on Friday, reaching $21.96. The company had a trading volume of 16,087 shares, compared to its average volume of 29,244. First Trust Enhanced Equity Income Fund has a fifty-two week low of $15.00 and a fifty-two week high of $22.24. The business has a fifty day simple moving average of $21.83 and a 200 day simple moving average of $21.49.

First Trust Enhanced Equity Income Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Monday, December 22nd.

Institutional Investors Weigh In On First Trust Enhanced Equity Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of FFA. North Star Investment Management Corp. raised its position in First Trust Enhanced Equity Income Fund by 2.4% in the fourth quarter. North Star Investment Management Corp. now owns 184,543 shares of the company’s stock valued at $4,064,000 after purchasing an additional 4,370 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of First Trust Enhanced Equity Income Fund by 37.7% in the fourth quarter. D.A. Davidson & CO. now owns 40,592 shares of the company’s stock valued at $894,000 after buying an additional 11,107 shares during the period. UBS Group AG raised its holdings in First Trust Enhanced Equity Income Fund by 1.3% in the 4th quarter. UBS Group AG now owns 276,052 shares of the company’s stock valued at $6,079,000 after buying an additional 3,556 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in First Trust Enhanced Equity Income Fund by 11.5% in the 4th quarter. Sanctuary Advisors LLC now owns 13,117 shares of the company’s stock valued at $289,000 after buying an additional 1,348 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its position in First Trust Enhanced Equity Income Fund by 16.8% during the 4th 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 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.