First Trust Enhanced Equity Income Fund (NYSE:FFA) Sees Large Decrease in Short Interest

First Trust Enhanced Equity Income Fund (NYSE:FFAGet Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 20,800 shares, a decrease of 24.1% from the September 15th total of 27,400 shares. Based on an average daily volume of 25,900 shares, the short-interest ratio is presently 0.8 days.

First Trust Enhanced Equity Income Fund Stock Performance

First Trust Enhanced Equity Income Fund stock traded down $0.06 during midday trading on Tuesday, hitting $20.47. 32,940 shares of the company were exchanged, compared to its average volume of 24,575. The company’s fifty day moving average price is $19.92 and its 200-day moving average price is $19.41. First Trust Enhanced Equity Income Fund has a fifty-two week low of $15.84 and a fifty-two week high of $20.71.

First Trust Enhanced Equity Income Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.40 dividend on an annualized basis and a yield of 6.84%.

Institutional Trading of First Trust Enhanced Equity Income Fund

Several large investors have recently modified their holdings of FFA. Heritage Wealth Management Inc. acquired a new position in First Trust Enhanced Equity Income Fund in the second quarter worth about $1,135,000. Atomi Financial Group Inc. bought a new position in shares of First Trust Enhanced Equity Income Fund during the second quarter valued at approximately $383,000. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Enhanced Equity Income Fund during the 2nd quarter worth approximately $308,000. Koshinski Asset Management Inc. acquired a new position in First Trust Enhanced Equity Income Fund during the 1st quarter valued at approximately $268,000. Finally, Cornerstone Advisors LLC bought a new position in First Trust Enhanced Equity Income Fund during the 2nd quarter worth $259,000.

First Trust Enhanced Equity Income Fund Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for First Trust Enhanced Equity Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Enhanced Equity Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.