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 large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 18,400 shares, a decrease of 40.8% from the January 31st total of 31,100 shares. Based on an average daily trading volume, of 27,600 shares, the days-to-cover ratio is currently 0.7 days.

Insider Buying and Selling

In other news, insider James A. Bowen sold 4,003 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $21.01, for a total value of $84,103.03. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FFA. Wells Fargo & Company MN boosted its position in First Trust Enhanced Equity Income Fund by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 618,733 shares of the company’s stock worth $12,814,000 after purchasing an additional 17,470 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in First Trust Enhanced Equity Income Fund by 5.0% during the fourth quarter. Guggenheim Capital LLC now owns 375,082 shares of the company’s stock worth $7,768,000 after buying an additional 17,769 shares in the last quarter. Invesco Ltd. grew its position in First Trust Enhanced Equity Income Fund by 22.3% during the fourth quarter. Invesco Ltd. now owns 357,826 shares of the company’s stock valued at $7,411,000 after buying an additional 65,298 shares during the period. Raymond James Financial Inc. purchased a new position in First Trust Enhanced Equity Income Fund in the fourth quarter valued at $5,161,000. Finally, LPL Financial LLC increased its holdings in First Trust Enhanced Equity Income Fund by 3.0% in the fourth quarter. LPL Financial LLC now owns 149,978 shares of the company’s stock valued at $3,106,000 after buying an additional 4,316 shares in the last quarter.

First Trust Enhanced Equity Income Fund Price Performance

NYSE:FFA traded down $0.06 during mid-day trading on Tuesday, hitting $20.18. The company’s stock had a trading volume of 21,450 shares, compared to its average volume of 28,560. The business’s fifty day moving average is $20.68 and its two-hundred day moving average is $20.48. First Trust Enhanced Equity Income Fund has a 1 year low of $17.86 and a 1 year high of $21.24.

First Trust Enhanced Equity Income Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 20th were paid a $0.35 dividend. 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%.

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.