First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Update

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 1,717 shares, a growth of 351.8% from the November 30th total of 380 shares. Based on an average daily trading volume, of 20,973 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 20,973 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust Enhanced Equity Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FFA. PMG Family Office LLC bought a new stake in shares of First Trust Enhanced Equity Income Fund in the 3rd quarter worth about $1,230,000. Kestra Private Wealth Services LLC grew its position in 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 worth $544,000 after acquiring an additional 533 shares in the last quarter. Bank of America Corp DE increased its stake in First Trust Enhanced Equity Income Fund by 20.1% during the third quarter. Bank of America Corp DE now owns 18,680 shares of the company’s stock worth $402,000 after acquiring an additional 3,127 shares during the last quarter. Creative Planning increased its stake in First Trust Enhanced Equity Income Fund by 2.5% during the third quarter. Creative Planning now owns 79,395 shares of the company’s stock worth $1,709,000 after acquiring an additional 1,935 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in First Trust Enhanced Equity Income Fund by 2.3% during the third quarter. Raymond James Financial Inc. now owns 258,979 shares of the company’s stock valued at $5,573,000 after purchasing an additional 5,873 shares during the period.

First Trust Enhanced Equity Income Fund Stock Up 0.2%

NYSE:FFA opened at $21.80 on Friday. First Trust Enhanced Equity Income Fund has a 1 year low of $15.00 and a 1 year high of $22.00. The stock’s 50 day simple moving average is $21.63 and its two-hundred day simple moving average is $21.19.

First Trust Enhanced Equity Income Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 7.1%. The ex-dividend date is Monday, December 22nd.

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.