First Trust Enhanced Equity Income Fund (NYSE:FFA) Sees Significant Growth in Short Interest

First Trust Enhanced Equity Income Fund (NYSE:FFA) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 11,248 shares, an increase of 39.9% from the February 26th total of 8,038 shares. Based on an average daily trading volume, of 21,136 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On First Trust Enhanced Equity Income Fund

A number of large investors have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC bought a new position in shares of First Trust Enhanced Equity Income Fund in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of First Trust Enhanced Equity Income Fund during the 3rd quarter worth $172,000. Stifel Financial Corp bought a new stake in shares of First Trust Enhanced Equity Income Fund during the 4th quarter worth $224,000. CIBC Asset Management Inc acquired a new position in First Trust Enhanced Equity Income Fund in the 4th quarter valued at $226,000. Finally, Kestra Advisory Services LLC acquired a new position in First Trust Enhanced Equity Income Fund in the 4th quarter valued at $228,000.

First Trust Enhanced Equity Income Fund Trading Down 1.6%

FFA opened at $19.66 on Friday. The stock has a 50-day moving average of $21.58 and a 200-day moving average of $21.62. First Trust Enhanced Equity Income Fund has a 52-week low of $15.00 and a 52-week high of $22.31.

First Trust Enhanced Equity Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be issued a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 7.9%. The ex-dividend date is Friday, March 20th.

First Trust Enhanced Equity Income Fund Company Profile

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.