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

First Trust Enhanced Equity Income Fund (NYSE:FFA) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 16,300 shares, an increase of 28.3% from the December 15th total of 12,700 shares. Based on an average daily trading volume, of 25,100 shares, the days-to-cover ratio is currently 0.6 days.

First Trust Enhanced Equity Income Fund Stock Performance

First Trust Enhanced Equity Income Fund stock traded up $0.15 during mid-day trading on Friday, hitting $20.85. The company had a trading volume of 18,992 shares, compared to its average volume of 27,763. First Trust Enhanced Equity Income Fund has a 1 year low of $17.86 and a 1 year high of $21.24. The business has a fifty day moving average of $20.69 and a 200 day moving average of $20.22.

First Trust Enhanced Equity Income Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date of this dividend was Friday, December 20th.

Insiders Place Their Bets

In related news, insider James A. Bowen sold 4,003 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the SEC, which is accessible through the SEC website.

Institutional Investors Weigh In On First Trust Enhanced Equity Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Advisors LLC acquired a new position in First Trust Enhanced Equity Income Fund during the second quarter worth approximately $259,000. Truist Financial Corp increased its stake in First Trust Enhanced Equity Income Fund by 12.9% in the second quarter. Truist Financial Corp now owns 34,451 shares of the company’s stock valued at $686,000 after purchasing an additional 3,931 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Enhanced Equity Income Fund during the second quarter worth about $308,000. Heritage Wealth Management Inc. acquired a new position in First Trust Enhanced Equity Income Fund in the 2nd quarter valued at about $1,135,000. Finally, Atomi Financial Group Inc. raised its stake in First Trust Enhanced Equity Income Fund by 10.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 21,290 shares of the company’s stock valued at $433,000 after acquiring an additional 2,069 shares during the last quarter.

About First Trust Enhanced Equity Income Fund

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.