Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Down 19.9% in December

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 79,600 shares, a drop of 19.9% from the November 30th total of 99,400 shares. Based on an average daily trading volume, of 82,500 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EOI. Raymond James & Associates raised its stake in Eaton Vance Enhanced Equity Income Fund by 6.0% during the 3rd quarter. Raymond James & Associates now owns 693,650 shares of the company’s stock valued at $14,033,000 after acquiring an additional 39,303 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Eaton Vance Enhanced Equity Income Fund by 1.9% during the third quarter. Concurrent Investment Advisors LLC now owns 246,634 shares of the company’s stock valued at $4,989,000 after purchasing an additional 4,619 shares in the last quarter. Roman Butler Fullerton & Co. lifted its holdings in Eaton Vance Enhanced Equity Income Fund by 2.1% in the third quarter. Roman Butler Fullerton & Co. now owns 186,611 shares of the company’s stock worth $3,766,000 after purchasing an additional 3,899 shares during the period. Strategic Financial Concepts LLC bought a new position in Eaton Vance Enhanced Equity Income Fund in the 2nd quarter valued at about $34,000. Finally, TPG Advisors LLC increased its stake in Eaton Vance Enhanced Equity Income Fund by 3.3% during the 3rd quarter. TPG Advisors LLC now owns 96,046 shares of the company’s stock valued at $1,943,000 after buying an additional 3,093 shares during the period.

Eaton Vance Enhanced Equity Income Fund Trading Down 0.3 %

Shares of NYSE:EOI opened at $21.26 on Friday. The company’s 50-day moving average price is $21.01 and its 200 day moving average price is $19.96. Eaton Vance Enhanced Equity Income Fund has a fifty-two week low of $16.02 and a fifty-two week high of $22.10.

Eaton Vance Enhanced Equity Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.1338 per share. The ex-dividend date is Monday, December 23rd. This represents a $1.61 dividend on an annualized basis and a dividend yield of 7.55%.

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.