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

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First Trust Enhanced Equity Income Fund (NYSE:FFAGet Rating) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 2,000 shares, a drop of 63.6% from the April 15th total of 5,500 shares. Based on an average daily trading volume, of 31,500 shares, the short-interest ratio is presently 0.1 days.

FFA stock opened at $17.37 on Thursday. The firm has a fifty day moving average price of $19.47 and a 200 day moving average price of $20.34. First Trust Enhanced Equity Income Fund has a fifty-two week low of $17.19 and a fifty-two week high of $22.16.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Wednesday, March 23rd were paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date was Tuesday, March 22nd.

Several hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. raised its holdings in First Trust Enhanced Equity Income Fund by 0.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 314,339 shares of the company’s stock worth $6,365,000 after purchasing an additional 2,408 shares in the last quarter. Tradition Wealth Management LLC purchased a new stake in First Trust Enhanced Equity Income Fund during the first quarter worth $25,000. B. Riley Wealth Management Inc. boosted its holdings in First Trust Enhanced Equity Income Fund by 18.0% during the first quarter. B. Riley Wealth Management Inc. now owns 13,750 shares of the company’s stock worth $278,000 after buying an additional 2,100 shares in the last quarter. Buckingham Strategic Partners purchased a new position in First Trust Enhanced Equity Income Fund during the first quarter valued at $263,000. Finally, Commonwealth Equity Services LLC lifted its holdings in First Trust Enhanced Equity Income Fund by 16.2% during the first quarter. Commonwealth Equity Services LLC now owns 36,930 shares of the company’s stock valued at $747,000 after purchasing an additional 5,153 shares in the last quarter.

First Trust Enhanced Equity Income Fund Company Profile (Get Rating)

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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