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

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 16,300 shares, an increase of 28.3% from the December 15th total of 12,700 shares. Based on an average daily volume of 25,100 shares, the short-interest ratio is currently 0.6 days.

First Trust Enhanced Equity Income Fund Stock Performance

Shares of NYSE:FFA traded up $0.15 on Friday, hitting $20.85. 18,992 shares of the company were exchanged, compared to its average volume of 27,763. The company’s 50 day moving average price is $20.69 and its two-hundred day moving average price is $20.22. First Trust Enhanced Equity Income Fund has a one year low of $17.86 and a one year high of $21.24.

First Trust Enhanced Equity Income Fund Dividend Announcement

The business also recently disclosed 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. This represents a $1.40 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date was Friday, December 20th.

Insider Activity at First Trust Enhanced Equity Income Fund

In other First Trust Enhanced Equity Income Fund 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On First Trust Enhanced Equity Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Advisors LLC bought a new position in First Trust Enhanced Equity Income Fund in the 2nd quarter valued at $259,000. Truist Financial Corp increased its position in shares of First Trust Enhanced Equity Income Fund by 12.9% during the second quarter. Truist Financial Corp now owns 34,451 shares of the company’s stock worth $686,000 after acquiring an additional 3,931 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Enhanced Equity Income Fund in the 2nd quarter valued at about $308,000. Heritage Wealth Management Inc. acquired a new stake in First Trust Enhanced Equity Income Fund in the 2nd quarter valued at approximately $1,135,000. Finally, Atomi Financial Group Inc. lifted its position in shares of First Trust Enhanced Equity Income Fund by 10.8% in the third quarter. Atomi Financial Group Inc. now owns 21,290 shares of the company’s stock worth $433,000 after purchasing an additional 2,069 shares in the last quarter.

About First Trust Enhanced Equity Income Fund

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.