First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Down 54.5% in July

First Trust Enhanced Equity Income Fund (NYSE:FFA) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 10,936 shares, a decline of 54.5% from the July 15th total of 24,038 shares. Based on an average daily trading volume, of 19,854 shares, the short-interest ratio is currently 0.6 days.

First Trust Enhanced Equity Income Fund Trading Down 0.1%

First Trust Enhanced Equity Income Fund stock traded down $0.02 during trading on Friday, hitting $23.63. 65,214 shares of the company were exchanged, compared to its average volume of 29,163. The business’s 50 day moving average is $22.62 and its 200 day moving average is $22.09. First Trust Enhanced Equity Income Fund has a 52 week low of $19.50 and a 52 week high of $23.82.

First Trust Enhanced Equity Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Trading of First Trust Enhanced Equity Income Fund

Several institutional investors have recently made changes to their positions in FFA. Sanctuary Advisors LLC bought a new position in shares of First Trust Enhanced Equity Income Fund during the second quarter valued at about $293,000. Global Retirement Partners LLC bought a new stake in First Trust Enhanced Equity Income Fund in the 2nd quarter worth about $736,000. Allied Private Wealth LLC bought a new stake in First Trust Enhanced Equity Income Fund in the 2nd quarter worth about $26,000. Axiom Investment Management LLC purchased a new stake in First Trust Enhanced Equity Income Fund in the 1st quarter valued at about $118,000. Finally, Bank of America Corp DE increased its stake in First Trust Enhanced Equity Income Fund by 6.1% in the 1st quarter. Bank of America Corp DE now owns 20,328 shares of the company’s stock valued at $415,000 after buying an additional 1,176 shares during the last quarter.

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.