Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) Short Interest Update

Eaton Vance Enhanced Equity Income Fund (NYSE:EOI) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 35,400 shares, a growth of 384.9% from the August 15th total of 7,300 shares. Based on an average daily volume of 60,500 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EOI. PNC Financial Services Group Inc. raised its holdings in Eaton Vance Enhanced Equity Income Fund by 30.1% in the first quarter. PNC Financial Services Group Inc. now owns 13,706 shares of the company’s stock worth $252,000 after purchasing an additional 3,172 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of Eaton Vance Enhanced Equity Income Fund by 7.5% in the 1st quarter. Moors & Cabot Inc. now owns 12,531 shares of the company’s stock worth $231,000 after buying an additional 874 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Eaton Vance Enhanced Equity Income Fund by 2,082.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 15,366 shares of the company’s stock worth $282,000 after acquiring an additional 14,662 shares in the last quarter. UBS Group AG lifted its position in Eaton Vance Enhanced Equity Income Fund by 8.8% during the 1st quarter. UBS Group AG now owns 206,513 shares of the company’s stock valued at $3,802,000 after acquiring an additional 16,779 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in Eaton Vance Enhanced Equity Income Fund by 12.6% during the first quarter. Guggenheim Capital LLC now owns 659,028 shares of the company’s stock worth $12,133,000 after acquiring an additional 73,924 shares in the last quarter.

Eaton Vance Enhanced Equity Income Fund Price Performance

Shares of EOI opened at $16.27 on Friday. Eaton Vance Enhanced Equity Income Fund has a twelve month low of $13.94 and a twelve month high of $16.99. The firm has a fifty day simple moving average of $16.50 and a two-hundred day simple moving average of $15.89.

Eaton Vance Enhanced Equity Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 22nd will be paid a $0.1095 dividend. This is a positive change from Eaton Vance Enhanced Equity Income Fund’s previous monthly dividend of $0.11. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $1.31 dividend on an annualized basis and a yield of 8.08%.

Eaton Vance Enhanced Equity Income Fund Company Profile

Eaton Vance Enhanced Equity Income Fund is a closed ended equity mutual fund launched and managed by Eaton Vance Management. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap and mid-cap companies with a focus on investing in companies with above average growth and financial condition against valuation in selecting individual securities.