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

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

Eaton Vance Enhanced Equity Income Fund Trading Down 0.1 %

Shares of Eaton Vance Enhanced Equity Income Fund stock opened at $19.41 on Tuesday. Eaton Vance Enhanced Equity Income Fund has a 52 week low of $14.36 and a 52 week high of $19.70. The firm’s 50 day moving average is $18.57 and its two-hundred day moving average is $17.87.

Eaton Vance Enhanced Equity Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 21st were given 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%.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

A number of hedge funds have recently modified their holdings of EOI. Raymond James Financial Services Advisors Inc. grew its position 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 acquiring an additional 176,206 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Eaton Vance Enhanced Equity Income Fund during the first quarter worth approximately $2,910,000. Cornerstone Advisors LLC lifted its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 610.2% during the fourth quarter. Cornerstone Advisors LLC now owns 176,760 shares of the company’s stock worth $2,931,000 after purchasing an additional 151,872 shares during the period. Shaker Financial Services LLC acquired a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the fourth quarter worth $1,616,000. Finally, OxenFree Capital LLC acquired a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the fourth quarter worth $1,270,000.

About Eaton Vance Enhanced Equity Income Fund

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.