First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Up 183.5% in December

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

First Trust Enhanced Equity Income Fund Stock Performance

NYSE:FFA opened at $22.03 on Friday. The business has a 50 day simple moving average of $21.71 and a 200 day simple moving average of $21.38. First Trust Enhanced Equity Income Fund has a 12-month low of $15.00 and a 12-month high of $22.24.

First Trust Enhanced Equity Income Fund Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Private Wealth Services LLC increased its stake in shares of First Trust Enhanced Equity Income Fund by 2.2% in the third quarter. Kestra Private Wealth Services LLC now owns 25,257 shares of the company’s stock valued at $544,000 after purchasing an additional 533 shares during the period. Osaic Holdings Inc. grew its holdings in First Trust Enhanced Equity Income Fund by 1.1% in the 2nd quarter. Osaic Holdings Inc. now owns 60,048 shares of the company’s stock worth $1,230,000 after buying an additional 659 shares in the last quarter. Opal Wealth Advisors LLC increased its position in First Trust Enhanced Equity Income Fund by 3.1% in the 2nd quarter. Opal Wealth Advisors LLC now owns 22,688 shares of the company’s stock valued at $465,000 after acquiring an additional 687 shares during the period. Wolverine Asset Management LLC raised its stake in First Trust Enhanced Equity Income Fund by 0.8% during the 3rd quarter. Wolverine Asset Management LLC now owns 94,167 shares of the company’s stock valued at $2,026,000 after acquiring an additional 785 shares in the last quarter. Finally, Compound Planning Inc. raised its stake in First Trust Enhanced Equity Income Fund by 4.1% during the 3rd quarter. Compound Planning Inc. now owns 29,924 shares of the company’s stock valued at $644,000 after acquiring an additional 1,176 shares in the last quarter.

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.