First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Down 40.8% in February

First Trust Enhanced Equity Income Fund (NYSE:FFA) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 18,400 shares, a drop of 40.8% from the January 31st total of 31,100 shares. Based on an average daily volume of 27,600 shares, the short-interest ratio is presently 0.7 days.

Insider Buying and Selling at First Trust Enhanced Equity Income Fund

In other news, insider James A. Bowen sold 4,003 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $21.01, for a total transaction of $84,103.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge Funds Weigh In On First Trust Enhanced Equity Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. South Plains Financial Inc. purchased a new stake in shares of First Trust Enhanced Equity Income Fund during the fourth quarter worth approximately $110,000. Moloney Securities Asset Management LLC grew its holdings in shares of First Trust Enhanced Equity Income Fund by 16.7% during the third quarter. Moloney Securities Asset Management LLC now owns 11,692 shares of the company’s stock worth $238,000 after buying an additional 1,676 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of First Trust Enhanced Equity Income Fund in the third quarter valued at about $242,000. NewEdge Advisors LLC lifted its stake in shares of First Trust Enhanced Equity Income Fund by 20.5% in the fourth quarter. NewEdge Advisors LLC now owns 14,693 shares of the company’s stock worth $304,000 after buying an additional 2,500 shares in the last quarter. Finally, Cornerstone Advisors LLC boosted its position in First Trust Enhanced Equity Income Fund by 15.2% during the third quarter. Cornerstone Advisors LLC now owns 14,985 shares of the company’s stock worth $305,000 after acquiring an additional 1,973 shares during the last quarter.

First Trust Enhanced Equity Income Fund Stock Down 0.3 %

Shares of FFA stock traded down $0.06 on Tuesday, reaching $20.18. 21,450 shares of the company were exchanged, compared to its average volume of 28,560. First Trust Enhanced Equity Income Fund has a 1 year low of $17.86 and a 1 year high of $21.24. The business has a 50-day moving average price of $20.68 and a 200 day moving average price of $20.48.

First Trust Enhanced Equity Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, December 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.94%.

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.