FFA Stock Summary and Trading Ideas (First Trust Enhanced Equity Income | NYSE:FFA)

First Trust Enhanced Equity Income Fund is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of current income and gains and, to a lesser extent, capital appreciation. The Fund pursues its investment objective by investing in a diversified portfolio of equity securities. Under normal market conditions, the Fund pursues an integrated investment strategy in which the Fund invests substantially all of its managed assets in a diversified portfolio of common stocks of U.S. corporations and U.S. dollar-denominated equity securities of non-U.S. issuers, in each case that are traded on U.S. securities exchanges, and on an ongoing and consistent basis writes (sells) covered call options on a portion of the Fund's managed assets.

First Trust Enhanced Equity Income trades on the NYSE stock market under the symbol FFA.

As of April 17, 2024, FFA stock price climbed to $18.11 with 65,338 million shares trading.

FFA has a beta of 0.91, meaning it tends to be less sensitive to market movements. FFA has a correlation of 0.67 to the broad based SPY ETF.

FFA has a market cap of $361.98 million. This is considered a Small Cap stock.

In the last 3 years, FFA stock traded as high as $22.16 and as low as $14.36.

FFA has underperformed the market in the last year with a return of +15.3%, while the SPY ETF gained +22.5%. In the last 3 month period, FFA fell short of the market, returning +2.4%, while SPY returned +6.3%. However, in the most recent 2 weeks FFA has outperformed the stock market by returning -3.2%, while SPY returned -3.6%.

FFA support price is $17.78 and resistance is $18.17 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FFA stock will trade within this expected range on the day.