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

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 4,867 shares, a growth of 183.5% from the December 15th total of 1,717 shares. Based on an average trading volume of 28,627 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 28,627 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of First Trust Enhanced Equity Income Fund

Several institutional investors have recently made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new position in First Trust Enhanced Equity Income Fund in the second quarter worth about $36,000. EverSource Wealth Advisors LLC acquired a new position in shares of First Trust Enhanced Equity Income Fund in the 3rd quarter worth approximately $172,000. Benjamin Edwards Inc. lifted its position in shares of First Trust Enhanced Equity Income Fund by 28.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 16,017 shares of the company’s stock worth $345,000 after buying an additional 3,504 shares during the period. CWM LLC lifted its position in shares of First Trust Enhanced Equity Income Fund by 17.1% during the 2nd quarter. CWM LLC now owns 17,149 shares of the company’s stock worth $351,000 after buying an additional 2,500 shares during the period. Finally, Bank of America Corp DE boosted its stake in First Trust Enhanced Equity Income Fund by 20.1% in the 3rd quarter. Bank of America Corp DE now owns 18,680 shares of the company’s stock valued at $402,000 after buying an additional 3,127 shares in the last quarter.

First Trust Enhanced Equity Income Fund Stock Performance

NYSE FFA traded up $0.16 during midday trading on Thursday, hitting $22.11. The company had a trading volume of 6,670 shares, compared to its average volume of 27,223. The firm has a fifty day simple moving average of $21.71 and a two-hundred day simple moving average of $21.38. First Trust Enhanced Equity Income Fund has a fifty-two week low of $15.00 and a fifty-two week high of $22.24.

First Trust Enhanced Equity Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Monday, December 22nd.

About First Trust Enhanced Equity Income Fund

First Trust Enhanced Equity Income Fund (NYSE:FFA) is a closed-end management investment company managed by First Trust Advisors L.P. The fund seeks to provide total return with an emphasis on current income. To pursue its objective, the fund employs a dual strategy that combines equity ownership in U.S. companies with a systematic covered call option overlay.

FFA primarily invests in a diversified portfolio of common stocks of large- and mid-cap U.S. companies that are selected for their potential to pay dividends.