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

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 presently 0.6 days.

First Trust Enhanced Equity Income Fund Trading Up 0.7 %

Shares of FFA traded up $0.15 on Friday, reaching $20.85. 18,992 shares of the company’s stock were exchanged, compared to its average volume of 27,763. First Trust Enhanced Equity Income Fund has a 12 month low of $17.86 and a 12 month high of $21.24. The business has a 50 day moving average price of $20.69 and a two-hundred day moving average price of $20.22.

First Trust Enhanced Equity Income Fund Dividend Announcement

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. This represents a $1.40 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date of this dividend was Friday, December 20th.

Insider Buying and Selling at First Trust Enhanced Equity Income Fund

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

Institutional Investors Weigh In On First Trust Enhanced Equity Income Fund

Hedge funds have recently bought and sold shares of the company. Cornerstone Advisors LLC bought a new stake in shares of First Trust Enhanced Equity Income Fund in the 2nd quarter valued at $259,000. Truist Financial Corp lifted its holdings in shares of First Trust Enhanced Equity Income Fund by 12.9% during the 2nd quarter. Truist Financial Corp now owns 34,451 shares of the company’s stock valued at $686,000 after purchasing an additional 3,931 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of First Trust Enhanced Equity Income Fund in the second quarter valued at approximately $308,000. Heritage Wealth Management Inc. acquired a new position in First Trust Enhanced Equity Income Fund in the 2nd quarter worth $1,135,000. Finally, Atomi Financial Group Inc. increased its holdings in First Trust Enhanced Equity Income Fund by 10.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 21,290 shares of the company’s stock worth $433,000 after purchasing an additional 2,069 shares in the last quarter.

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.