Short Interest in First Trust Enhanced Equity Income Fund (NYSE:FFA) Expands By 43.7%

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 27,300 shares, an increase of 43.7% from the March 15th total of 19,000 shares. Based on an average trading volume of 39,600 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On First Trust Enhanced Equity Income Fund

Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new stake in First Trust Enhanced Equity Income Fund during the first quarter worth approximately $31,000. South Plains Financial Inc. acquired a new position in First Trust Enhanced Equity Income Fund in the 4th quarter valued at $110,000. Moloney Securities Asset Management LLC increased its position in First Trust Enhanced Equity Income Fund by 7.3% during the 4th quarter. Moloney Securities Asset Management LLC now owns 12,544 shares of the company’s stock worth $260,000 after buying an additional 852 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of First Trust Enhanced Equity Income Fund by 20.5% during the fourth quarter. NewEdge Advisors LLC now owns 14,693 shares of the company’s stock worth $304,000 after buying an additional 2,500 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of First Trust Enhanced Equity Income Fund by 10.0% during the fourth quarter. Koshinski Asset Management Inc. now owns 15,612 shares of the company’s stock worth $323,000 after buying an additional 1,418 shares in the last quarter.

First Trust Enhanced Equity Income Fund Trading Up 0.7 %

First Trust Enhanced Equity Income Fund stock opened at $18.10 on Friday. The stock has a 50-day simple moving average of $19.42 and a 200 day simple moving average of $20.19. First Trust Enhanced Equity Income Fund has a 52 week low of $15.00 and a 52 week high of $21.24.

First Trust Enhanced Equity Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were issued a $0.35 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.40 annualized dividend and a dividend yield of 7.73%.

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.