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

First Trust Enhanced Equity Income Fund (NYSE:FFA) saw a large decrease in short interest during 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 trading volume of 29,084 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust Enhanced Equity Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Exeter Financial LLC raised its position in shares of First Trust Enhanced Equity Income Fund by 0.8% during the first quarter. Exeter Financial LLC now owns 579,022 shares of the company’s stock worth $11,812,000 after purchasing an additional 4,796 shares during the period. Wells Fargo & Company MN raised its position in shares of First Trust Enhanced Equity Income Fund by 1.0% during the fourth quarter. Wells Fargo & Company MN now owns 509,613 shares of the company’s stock worth $11,222,000 after purchasing an additional 5,162 shares during the period. Invesco Ltd. raised its position in shares of First Trust Enhanced Equity Income Fund by 8.7% during the fourth quarter. Invesco Ltd. now owns 415,134 shares of the company’s stock worth $9,141,000 after purchasing an additional 33,158 shares during the period. Shaker Financial Services LLC raised its position in shares of First Trust Enhanced Equity Income Fund by 16.8% during the fourth quarter. Shaker Financial Services LLC now owns 286,580 shares of the company’s stock worth $6,310,000 after purchasing an additional 41,233 shares during the period. Finally, UBS Group AG raised its position in shares of First Trust Enhanced Equity Income Fund by 1.3% during the fourth quarter. UBS Group AG now owns 276,052 shares of the company’s stock worth $6,079,000 after purchasing an additional 3,556 shares during the period.

First Trust Enhanced Equity Income Fund Price Performance

NYSE FFA traded up $0.25 on Monday, reaching $22.67. The company’s stock had a trading volume of 46,593 shares, compared to its average volume of 29,397. First Trust Enhanced Equity Income Fund has a twelve month low of $19.50 and a twelve month high of $23.24. The firm’s 50 day moving average is $22.23 and its two-hundred day moving average is $21.84.

First Trust Enhanced Equity Income Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be issued a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Monday, June 22nd.

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.