First Trust Enhanced Equity Income Fund (NYSE:FFA) Short Interest Down 40.8% in February

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 18,400 shares, a drop of 40.8% from the January 31st total of 31,100 shares. Based on an average daily volume of 27,600 shares, the short-interest 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 dated Monday, December 16th. The shares were sold at an average price of $21.01, for a total transaction of $84,103.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of First Trust Enhanced Equity Income Fund

Large investors have recently added to or reduced their stakes in the business. South Plains Financial Inc. acquired a new position in First Trust Enhanced Equity Income Fund during the 4th quarter worth $110,000. Moloney Securities Asset Management LLC raised its stake in shares of First Trust Enhanced Equity Income Fund by 16.7% during the third quarter. Moloney Securities Asset Management LLC now owns 11,692 shares of the company’s stock valued at $238,000 after purchasing an additional 1,676 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of First Trust Enhanced Equity Income Fund during the third quarter valued at about $242,000. NewEdge Advisors LLC lifted its holdings in First Trust Enhanced Equity Income Fund by 20.5% in the fourth quarter. NewEdge Advisors LLC now owns 14,693 shares of the company’s stock worth $304,000 after purchasing an additional 2,500 shares during the period. Finally, Cornerstone Advisors LLC grew its position in First Trust Enhanced Equity Income Fund by 15.2% in the 3rd quarter. Cornerstone Advisors LLC now owns 14,985 shares of the company’s stock valued at $305,000 after buying an additional 1,973 shares in the last quarter.

First Trust Enhanced Equity Income Fund Trading Up 0.9 %

First Trust Enhanced Equity Income Fund stock traded up $0.19 during midday trading on Friday, reaching $20.49. 18,870 shares of the stock traded hands, compared to its average volume of 28,933. First Trust Enhanced Equity Income Fund has a fifty-two week low of $17.86 and a fifty-two week high of $21.24. The firm has a fifty day moving average price of $20.68 and a two-hundred day moving average price of $20.46.

First Trust Enhanced Equity Income Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 20th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date was Friday, December 20th.

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.