Short Interest in First Trust Enhanced Equity Income Fund (NYSE:FFA) Rises By 10.9%

First Trust Enhanced Equity Income Fund (NYSE:FFA) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 27,400 shares, an increase of 10.9% from the August 31st total of 24,700 shares. Based on an average daily trading volume, of 23,500 shares, the short-interest ratio is currently 1.2 days.

First Trust Enhanced Equity Income Fund Price Performance

Shares of NYSE FFA traded up $0.14 during mid-day trading on Friday, hitting $20.28. The company had a trading volume of 47,031 shares, compared to its average volume of 23,709. First Trust Enhanced Equity Income Fund has a 1 year low of $15.84 and a 1 year high of $20.57. The stock’s 50-day moving average price is $19.76 and its 200-day moving average price is $19.30.

First Trust Enhanced Equity Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 6.90%. The ex-dividend date of this dividend is Friday, September 20th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in First Trust Enhanced Equity Income Fund during the second quarter valued at approximately $308,000. Truist Financial Corp lifted its holdings in shares of First Trust Enhanced Equity Income Fund by 12.9% during the 2nd quarter. Truist Financial Corp now owns 34,451 shares of the company’s stock worth $686,000 after acquiring an additional 3,931 shares during the last quarter. Heritage Wealth Management Inc. purchased a new position in First Trust Enhanced Equity Income Fund in the second quarter worth $1,135,000. Cornerstone Advisors LLC bought a new stake in First Trust Enhanced Equity Income Fund during the second quarter worth about $259,000. Finally, Moloney Securities Asset Management LLC bought a new stake in First Trust Enhanced Equity Income Fund during the second quarter worth about $200,000.

First Trust Enhanced Equity Income Fund Company Profile

First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across the diversified sectors.