Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Down 15.9% in March

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 122,690 shares, a drop of 15.9% from the February 26th total of 145,883 shares. Based on an average trading volume of 64,423 shares, the short-interest ratio is currently 1.9 days.

Eaton Vance Enhanced Equity Income Fund Stock Performance

EOI opened at $18.13 on Monday. The stock’s 50 day simple moving average is $20.14 and its 200 day simple moving average is $20.34. Eaton Vance Enhanced Equity Income Fund has a 1-year low of $15.50 and a 1-year high of $21.58.

Eaton Vance Enhanced Equity Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.1338 per share. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Monday, March 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Eagle Bay Advisors LLC acquired a new position in shares of Eaton Vance Enhanced Equity Income Fund during the 4th quarter worth $31,000. Kestra Advisory Services LLC acquired a new stake in Eaton Vance Enhanced Equity Income Fund in the 4th quarter valued at about $67,000. Wolverine Asset Management LLC acquired a new stake in Eaton Vance Enhanced Equity Income Fund in the 3rd quarter valued at about $85,000. JPMorgan Chase & Co. increased its holdings in Eaton Vance Enhanced Equity Income Fund by 15.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,428 shares of the company’s stock valued at $93,000 after acquiring an additional 600 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Eaton Vance Enhanced Equity Income Fund by 127.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,772 shares of the company’s stock valued at $121,000 after acquiring an additional 3,236 shares in the last quarter.

About Eaton Vance Enhanced Equity Income Fund

The Eaton Vance Enhanced Equity Income Fund (NYSE: EOI) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of long-term capital appreciation. The fund invests primarily in dividend-paying common stocks of U.S. companies and may also hold preferred stocks and other equity securities. To enhance income potential, the fund employs a covered-call strategy by selling call options on a portion of its equity portfolio.

Under normal market conditions, the fund’s portfolio managers select large- and mid-capitalization equities with the potential for dividend growth and price appreciation.