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

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 31,100 shares, a drop of 6.0% from the January 15th total of 33,100 shares. Based on an average trading volume of 26,000 shares, the short-interest ratio is currently 1.2 days.

First Trust Enhanced Equity Income Fund Trading Up 0.1 %

Shares of NYSE:FFA opened at $21.02 on Wednesday. The firm’s 50 day simple moving average is $20.70 and its 200 day simple moving average is $20.38. First Trust Enhanced Equity Income Fund has a fifty-two week low of $17.86 and a fifty-two week high of $21.24.

First Trust Enhanced Equity Income Fund Announces Dividend

The business 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 of this dividend was Friday, December 20th. This represents a $1.40 annualized dividend and a yield of 6.66%.

Insider Activity at First Trust Enhanced Equity Income Fund

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

Institutional Trading of First Trust Enhanced Equity Income Fund

Several hedge funds have recently bought and sold shares of FFA. International Assets Investment Management LLC raised its holdings in First Trust Enhanced Equity Income Fund by 1,934.5% during the 3rd quarter. International Assets Investment Management LLC now owns 217,449 shares of the company’s stock worth $44,230,000 after buying an additional 206,761 shares during the period. West Bancorporation Inc. raised its holdings in First Trust Enhanced Equity Income Fund by 6.6% during the 3rd quarter. West Bancorporation Inc. now owns 16,621 shares of the company’s stock worth $338,000 after buying an additional 1,025 shares during the period. Moloney Securities Asset Management LLC raised its holdings in First Trust Enhanced Equity Income Fund by 16.7% during the 3rd 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 during the period. Cornerstone Advisors LLC raised its holdings in First Trust Enhanced Equity Income Fund by 15.2% during the 3rd quarter. Cornerstone Advisors LLC now owns 14,985 shares of the company’s stock worth $305,000 after buying an additional 1,973 shares during the period. Finally, Raymond James Trust N.A. raised its holdings in First Trust Enhanced Equity Income Fund by 4.5% during the 3rd quarter. Raymond James Trust N.A. now owns 17,425 shares of the company’s stock worth $354,000 after buying an additional 750 shares during the period.

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.