First Trust Enhanced Equity Income Fund (NYSE:FFA – Get Free Report) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totalling 5,400 shares, a decline of 30.8% from the May 31st total of 7,800 shares. Based on an average daily trading volume, of 22,400 shares, the days-to-cover ratio is presently 0.2 days.
First Trust Enhanced Equity Income Fund Stock Performance
Shares of FFA stock traded up $0.22 during trading hours on Friday, hitting $19.92. 66,146 shares of the company were exchanged, compared to its average volume of 24,039. First Trust Enhanced Equity Income Fund has a one year low of $15.84 and a one year high of $20.09. The business’s 50-day simple moving average is $19.03 and its two-hundred day simple moving average is $18.61.
First Trust Enhanced Equity Income Fund Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 21st were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date of this dividend was Friday, June 21st. This is an increase from First Trust Enhanced Equity Income Fund’s previous quarterly dividend of $0.32.
Institutional Trading of First Trust Enhanced Equity Income Fund
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.
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