First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Down 30.8% in June

First Trust Enhanced Equity Income Fund (NYSE:FFA) 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

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Securities Inc. acquired a new stake in shares of First Trust Enhanced Equity Income Fund during the 4th quarter worth approximately $32,000. West Bancorporation Inc. acquired a new stake in First Trust Enhanced Equity Income Fund in the first quarter worth $195,000. Certified Advisory Corp bought a new stake in First Trust Enhanced Equity Income Fund in the fourth quarter valued at $190,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of First Trust Enhanced Equity Income Fund by 12.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 12,253 shares of the company’s stock valued at $224,000 after acquiring an additional 1,400 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of First Trust Enhanced Equity Income Fund in the 1st quarter worth about $268,000.

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.