First Trust Enhanced Equity Income Fund (NYSE:FFA – Get 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
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.
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