Short Interest in First Trust Enhanced Equity Income Fund (NYSE:FFA) Increases By 28.3%

First Trust Enhanced Equity Income Fund (NYSE:FFA) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 16,300 shares, a growth of 28.3% from the December 15th total of 12,700 shares. Based on an average trading volume of 25,100 shares, the short-interest ratio is currently 0.6 days.

First Trust Enhanced Equity Income Fund Stock Performance

Shares of FFA traded up $0.15 on Friday, reaching $20.85. The stock had a trading volume of 18,992 shares, compared to its average volume of 27,763. First Trust Enhanced Equity Income Fund has a twelve month low of $17.86 and a twelve month high of $21.24. The firm has a 50-day moving average of $20.69 and a 200 day moving average of $20.22.

First Trust Enhanced Equity Income Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 20th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 6.71%. The ex-dividend date was Friday, December 20th.

Insider Buying and Selling

In other First Trust Enhanced Equity Income Fund news, insider James A. Bowen sold 4,003 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Benjamin Edwards Inc. purchased a new position in shares of First Trust Enhanced Equity Income Fund during the 3rd quarter worth approximately $242,000. Integrated Wealth Concepts LLC increased its position in First Trust Enhanced Equity Income Fund by 2.0% during the third quarter. Integrated Wealth Concepts LLC now owns 73,307 shares of the company’s stock worth $1,491,000 after buying an additional 1,422 shares in the last quarter. D.A. Davidson & CO. increased its position in First Trust Enhanced Equity Income Fund by 62.9% during the third quarter. D.A. Davidson & CO. now owns 18,749 shares of the company’s stock worth $381,000 after buying an additional 7,239 shares in the last quarter. Raymond James Trust N.A. raised its holdings in shares of First Trust Enhanced Equity Income Fund by 4.5% in the third quarter. Raymond James Trust N.A. now owns 17,425 shares of the company’s stock worth $354,000 after acquiring an additional 750 shares during the last quarter. Finally, Cornerstone Advisors LLC lifted its position in shares of First Trust Enhanced Equity Income Fund by 15.2% in the third quarter. Cornerstone Advisors LLC now owns 14,985 shares of the company’s stock valued at $305,000 after acquiring an additional 1,973 shares in the last quarter.

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.