First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Update

First Trust Enhanced Equity Income Fund (NYSE:FFA) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 31,100 shares, a decrease of 6.0% from the January 15th total of 33,100 shares. Based on an average daily trading volume, of 26,000 shares, the short-interest ratio is currently 1.2 days.

Insider Buying and Selling at First Trust Enhanced Equity Income Fund

In other news, insider James A. Bowen sold 4,003 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $21.01, for a total value of $84,103.03. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Investors Weigh In On First Trust Enhanced Equity Income Fund

A number of institutional investors have recently modified their holdings of the stock. Raymond James Trust N.A. raised its stake in shares of First Trust Enhanced Equity Income Fund by 4.5% in the 3rd quarter. Raymond James Trust N.A. now owns 17,425 shares of the company’s stock valued at $354,000 after purchasing an additional 750 shares in the last quarter. Moloney Securities Asset Management LLC raised its stake in First Trust Enhanced Equity Income Fund by 7.3% during the fourth quarter. Moloney Securities Asset Management LLC now owns 12,544 shares of the company’s stock worth $260,000 after acquiring an additional 852 shares during the period. West Bancorporation Inc. raised its stake in First Trust Enhanced Equity Income Fund by 6.6% during the third quarter. West Bancorporation Inc. now owns 16,621 shares of the company’s stock worth $338,000 after acquiring an additional 1,025 shares during the period. D.A. Davidson & CO. raised its stake in First Trust Enhanced Equity Income Fund by 6.0% during the fourth quarter. D.A. Davidson & CO. now owns 19,873 shares of the company’s stock worth $412,000 after acquiring an additional 1,124 shares during the period. Finally, Shaker Financial Services LLC raised its stake in First Trust Enhanced Equity Income Fund by 1.0% during the fourth quarter. Shaker Financial Services LLC now owns 119,142 shares of the company’s stock worth $2,467,000 after acquiring an additional 1,157 shares during the period.

First Trust Enhanced Equity Income Fund Stock Performance

Shares of First Trust Enhanced Equity Income Fund stock opened at $21.05 on Thursday. The firm’s 50-day simple moving average is $20.70 and its 200-day simple moving average is $20.38. First Trust Enhanced Equity Income Fund has a 1 year low of $17.86 and a 1 year high of $21.24.

First Trust Enhanced Equity Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.65%.

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.