Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Up 351.0% in October

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 66,300 shares, an increase of 351.0% from the October 15th total of 14,700 shares. Based on an average daily volume of 86,600 shares, the short-interest ratio is currently 0.8 days.

Eaton Vance Enhanced Equity Income Fund Price Performance

EOI stock traded up $0.18 during trading on Wednesday, reaching $20.66. The company had a trading volume of 68,950 shares, compared to its average volume of 82,694. Eaton Vance Enhanced Equity Income Fund has a 52 week low of $15.49 and a 52 week high of $20.85. The business has a 50 day moving average of $19.96 and a 200 day moving average of $19.28.

Eaton Vance Enhanced Equity Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a $0.1338 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date is Thursday, November 21st.

Hedge Funds Weigh In On Eaton Vance Enhanced Equity Income Fund

Institutional investors have recently bought and sold shares of the stock. Strategic Financial Concepts LLC bought a new position in shares of Eaton Vance Enhanced Equity Income Fund during the second quarter valued at approximately $34,000. Fortitude Family Office LLC purchased a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the third quarter valued at approximately $96,000. Sunbelt Securities Inc. grew its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 239.5% during the second quarter. Sunbelt Securities Inc. now owns 7,938 shares of the company’s stock valued at $154,000 after buying an additional 5,600 shares during the last quarter. Bryn Mawr Capital Management LLC grew its holdings in shares of Eaton Vance Enhanced Equity Income Fund by 857.9% during the second quarter. Bryn Mawr Capital Management LLC now owns 12,500 shares of the company’s stock valued at $240,000 after buying an additional 11,195 shares during the last quarter. Finally, Warther Private Wealth LLC purchased a new stake in shares of Eaton Vance Enhanced Equity Income Fund during the second quarter valued at approximately $266,000.

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.