First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Down 74.9% in September

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 5,000 shares, a decrease of 74.9% from the September 15th total of 19,900 shares. Based on an average daily volume of 23,300 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 23,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of First Trust Enhanced Equity Income Fund

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC purchased a new stake in First Trust Enhanced Equity Income Fund during the first quarter worth about $31,000. Ameritas Advisory Services LLC purchased a new stake in First Trust Enhanced Equity Income Fund during the second quarter worth about $36,000. Private Trust Co. NA purchased a new stake in First Trust Enhanced Equity Income Fund during the first quarter worth about $55,000. Larson Financial Group LLC purchased a new position in shares of First Trust Enhanced Equity Income Fund in the first quarter worth about $64,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of First Trust Enhanced Equity Income Fund by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,581 shares of the company’s stock worth $127,000 after purchasing an additional 829 shares in the last quarter.

First Trust Enhanced Equity Income Fund Trading Up 0.1%

FFA stock opened at $21.38 on Friday. The company has a 50 day simple moving average of $21.35 and a 200 day simple moving average of $20.23. First Trust Enhanced Equity Income Fund has a 1 year low of $15.00 and a 1 year high of $21.88.

First Trust Enhanced Equity Income Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a dividend of $0.3875 per share. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase from First Trust Enhanced Equity Income Fund’s previous quarterly dividend of $0.35. This represents a $1.55 dividend on an annualized basis and a dividend yield of 7.2%.

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.