Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Sees Large Increase in Short Interest

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 44.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 570,700 shares of the company’s stock worth $9,462,000 after buying an additional 176,206 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 1.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 452,017 shares of the company’s stock worth $8,240,000 after buying an additional 5,158 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 13.4% during the third quarter. Invesco Ltd. now owns 410,999 shares of the company’s stock worth $6,514,000 after buying an additional 48,640 shares during the last quarter. Cornerstone Advisors LLC lifted its holdings 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 worth $4,125,000 after buying an additional 49,489 shares during the last quarter. Finally, UBS Group AG lifted its holdings 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 buying an additional 3,456 shares during the last quarter.

Eaton Vance Enhanced Equity Income Fund Stock Performance

EOI opened at $19.41 on Tuesday. The business has a 50 day moving average price of $18.57 and a 200 day moving average price of $17.87. Eaton Vance Enhanced Equity Income Fund has a twelve month low of $14.36 and a twelve 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. Stockholders of record on Friday, June 21st were issued a dividend of $0.134 per share. The ex-dividend date of this dividend was Friday, June 21st. This is a positive change from Eaton Vance Enhanced Equity Income Fund’s previous monthly dividend of $0.13. This represents a $1.61 dividend on an annualized basis and a dividend yield of 8.28%.

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.