Should You Buy EOS in 2025?

Why trust HelloSafe?

At HelloSafe, our expert has been monitoring the development of the EOS cryptocurrency for over three years. Every month, hundreds of thousands of users across Australia trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, HelloSafe has never purchased EOS nor received any compensation from entities associated with its ecosystem.

EOS in brief

How much does 1 EOS cost?

The price of EOS is up this week. As of June 6, 2025, EOS is trading at approximately AUD 35.65, having gained 1.17% over the last 24 hours and 9.56% over the past week. Its current market capitalisation stands at about AUD 1.87 billion, with an average daily trading volume of roughly AUD 204,970 over the last 3 months. EOS ranks within the top 100 by market capitalisation, with around 52.96 million tokens in circulation and a total market dominance of 0.05%. EOS remains a dynamic asset, presenting both volatility and opportunities for investors in the Australian crypto landscape.

Our complete opinion on the cryptocurrency EOS

Have we reached the turning point for EOS? Our comprehensive analysis delves into EOS’s latest market trends and its evolution across the past three years, synergizing on-chain analytics, technical indicators, market dynamics, and competitive context through proprietary algorithms. Bringing together both quantitative signals and an updated macro view, our examination uncovers what the market may be missing. So: why might EOS, in 2025, represent a strategic entry point into the US equity covered call strategy sector for discerning investors?

Recent Performance & Market Context

Evolution of EOS's Price

In June 2025, EOS (Eaton Vance Enhanced Equity Income Fund II) is trading at $23.43, reflecting a 1.17% intraday uptick and a robust +9.56% over 52 weeks, despite a slightly negative YTD performance (-3.32%). This underlines EOS’s resilience through a turbulent macro backdrop and showcases its ability to defend shareholder value in moderate drawdown environments.

Recent Positive Events

• Regular, generous distributions (recent: $0.1523 per share monthly, ~7.9% yield), underpinning investor demand for stable income.
• The fund’s consistent premium to NAV (+1.71%), a testament to market confidence in the manager’s covered call strategy and equity selection.
• Active reweighting towards US growth sectors and potential up to 25% in international exposure, broadening alpha sources.

Macro & Sector Tailwinds

• The continuing preference for covered call income strategies is driven by high global rates and persistent market volatility, amplifying the appeal of funds with robust distribution track records.
• U.S. large-cap and tech equities, core EOS allocations, have experienced renewed flows as investors seek defensive growth exposure with yield enhancement.
• Structural shifts—like AI-driven innovation and digital transformation—directly benefit the portfolio’s thematic orientation toward technology and high-growth sectors.

Technical Analysis

Crypto-Style Signals Applied to EOS

• Moving Averages: The 20-day ($22.19), 50-day ($21.53), and 200-day ($22.51) all sit below the current price, affirming breakout potential and confirming a strong support ladder between $21.39–$22.19.
• RSI: Momentum oscillators point toward further upside. RSI is not yet in overbought territory, supporting short- and medium-term accumulation.
• MACD: Bullish crossovers highlight a regime change, signaling renewed short-term buying strength.

Key Support & Reversal Zones

• Major technical support: $21.39 (100-day MA)
• Consolidation phase above $22 supports the next move toward challenging the resistance band at $23.50–$24.00.

Favourable Short/Mid-Term Structure

• Sustained trading volume (~135,000 shares daily) confirms liquidity and institutional interest.
• Volatility (Beta: 1.21) could amplify upward moves if US equities or covered call strategies regain investor favour.

Fundamental Analysis

Adoption Growth & Strategic Partnerships

• EOS’s robust asset base ($1.23 billion market cap, $1.2 billion AUM) marks it as a flagship in the US closed-end fund universe—ample scale for institutional and retail allocations.
• Run by Douglas Rogers at Eaton Vance, a reputable manager with a legacy in covered-call optimization.

Valuation Attractiveness

• Current price-to-earnings (P/E) ratio of 4.36—well below sector averages—flags EOS as undervalued given steady distribution flows and sector leadership.
• Premium to NAV (+1.71%) indicates demand exceeding that for many peers, while not straying into “crowded trade” extremes.

Structural Advantages

• Diversified across US growth (mid/large-cap) and able to reach further into international equities, EOS structurally maximizes multi-market upside.
• Covered call overlays systematically generate premium income, cushioning price swings and amplifying risk-adjusted return.
• An active, experienced management team ensures responsiveness to market dislocations and opportunities.

Market Volume & Liquidity

• Substantial average daily volume (~135,000 shares) supports smooth execution for both tactical and strategic entries.
• EOS regularly ranks among the top covered call CEFs by trading activity, ensuring price transparency and tight spreads.

Dominance in Peer Group

• EOS’s positioning within leading dividend/distribution-focused closed-end funds with an equity growth tilt sets it apart—offering both capital appreciation and income appeal.
• The fund’s resilience to macro shocks is substantiated by measured drawdowns and consistently positive trailing-year performance.

Positive Catalysts & Upcoming Drivers

• Forward yield (~8%) is poised to retain or increase appeal as the global rate environment remains restrictive.
• Further AI/technology sector appreciation has amplified the upside for fund strategies including aggressive covered call targeting in those spaces.
• Prospective protocol (portfolio) updates, or changes in the allocations, could set the stage for expanded global reach (up to 25% non-US securities).
• Coming distributions, ex-dividend on June 16, 2025, will continue to attract income-focused portfolios.

Investment Strategies by Time Horizon

Short-Term (Weeks to 3 Months)

• Accumulation during technical pullbacks toward $22–$22.50 could optimize yield capture, given the next ex-dividend event and current momentum.
• Momentum signals and volume spikes suggest attractive entry points before further fund flows realign with sector leadership.

Medium-Term (3–12 Months)

• As the fund pushes against $24.00 and possibly toward the consensus target ($30.46), investors with a yield-plus-growth focus may find this period particularly advantageous.
• EOS’s monthly distributions provide compounded benefit for medium-term holders, enhancing total return profiles versus pure equity benchmarks.

Long-Term (12+ Months)

• The structural case for EOS as a multi-cycle core yield holding remains robust: reliable income, underlying large-cap exposure, disciplined risk control via options overlays.
• EOS’s role as a portfolio stabiliser—delivering income and capital appreciation through varying macroeconomic regimes—summons a compelling long-duration argument.
• Downward volatility may unlock additional conviction-buy opportunities for patient long-term allocators.

EOS Price Forecast (2025–2029)

Is Now the Right Time to Consider EOS?

EOS’s blend of attractive yield (~8%), undervalued multiple (P/E 4.36), liquidity, and proven ability to ride both risk-on and risk-off waves, makes it stand out at a pivotal moment for the covered call fund sector. The directionality of technical signals, the reliability of monthly income distributions, and EOS’s reputation for weathering varied market regimes collectively strengthen the case for a renewed allocation.

Key strengths justifying renewed interest include:

• A strong foundation in covered call strategies, maximising upside participation while cushioning downside.
• Resilience through choppy macro climates—demonstrated by robust 1Y returns and measured volatility.
• Commitment to monthly income, boosting both tactical and strategic portfolio profiles.
• Multiple upward catalysts ahead—from sector growth, ex-dividend dates, to technology-driven portfolio updates.

The positive alignment of fundamentals and technicals is fostering a dynamic environment for EOS, and, for investors seeking a balance of growth, yield, and defensive advantages, the set-up seems compelling. EOS remains a high-volatility closed-end asset that offers excellent opportunities for dynamic, risk-managed allocation. The newest price acceleration shows EOS’s potential for rapid, pronounced moves, and the evolving macro context underscores the value of selectivity.

Key technical levels to watch are $21.39 as the immediate support and $23.50–$24.00 as a major resistance zone. The upcoming ex-dividend in June and any further portfolio strategy updates could be powerful catalysts for the next phase of EOS’s development.

How to buy EOS?

It is easy and secure to buy EOS (Eaton Vance Enhanced Equity Income Fund II) shares online via a regulated broker or trading platform from Australia (AU). Investors can choose between two main methods: direct spot buying (purchasing real shares in your name) or trading via CFDs (Contracts for Difference), which allow you to speculate on EOS’s price without owning the underlying asset. Each method comes with its own features and risks. To help you make the best choice, you’ll find a detailed comparison of platforms lower down on this page.

Spot Buying of EOS

Spot buying means you purchase actual EOS shares, which are then held in your brokerage account. You own the asset directly and can benefit from price appreciation or dividends. Fees for spot buying usually include a fixed commission per transaction, often starting from AUD 9.90 with local brokers.

Example

Suppose EOS is trading at $23.43 USD (approx. AUD 35.50 as of June 2025). With an investment of AUD 1,000, after an estimated AUD 10 brokerage fee, you could purchase roughly 28 EOS shares (AUD 1,000 - AUD 10 ≈ AUD 990 / AUD 35.5 ≈ 28).

• Gain scenario: If EOS rises by 10%, your shares’ value grows to approximately AUD 1,100. Result: +AUD 100 gross gain, representing a +10% return on your investment.

Trading via CFD

CFD trading on EOS allows you to speculate on the fund’s price movements without owning the share itself. CFDs let you use leverage, amplifying both potential gains and risks. Costs include the spread (difference between buy and sell price) and overnight financing fees if you hold your position past a day.

Example

You open a CFD position on EOS with a AUD 1,000 margin and 5x leverage. This gives you exposure to AUD 5,000 on EOS.

• Gain scenario: If EOS increases by 8%, your CFD returns 8% × 5 = 40%. Result: +AUD 400 gain (before fees) from your original AUD 1,000 outlay.

Final Advice

Before investing, always compare the fees, terms, and risk levels of different platforms—these can significantly impact your returns. Remember: your choice between spot buying and CFD trading should reflect your investment goals and level of experience. A detailed platform comparison is available further down this page to help you get started.

Our 7 tips for buying EOS

The latest news about the EOS

EOS (Eaton Vance Enhanced Equity Income Fund II) has shown strong technical indicators and buy signals over the past week. Recent trading activity places the fund at $23.43 as of June 6, 2025, representing a one-day gain of 1.17% and more than 9% growth over the past year. Both short- and long-term moving averages (20, 50, 100, and 200 days) have been crossed to the upside, signaling positive momentum, with the RSI corroborating a potential buy opportunity. This momentum could be beneficial for Australian investors seeking to capitalize on timing entry or adjusting exposure given macro trends.

Monthly dividend distributions remain robust, offering an attractive yield of nearly 8% in a global context of uncertain rates. The most recent monthly distribution, paid in May at $0.1523 per share, aligns with the fund's annualized yield of 7.89%. The ex-dividend date is set for June 16, 2025. For income-focused Australian investors or self-managed super funds (SMSFs), the stable payout and high yield differentiate EOS as a potential vehicle for US-dollar-denominated, consistent income flows.

EOS currently trades at a modest premium to its net asset value, but fundamentals and strategy suggest resilience and ongoing demand. The fund's market price stands at a 1.71% premium over its NAV, highlighting steady investor interest. EOS employs a covered call strategy on mid- and large-cap US stocks, including up to 25% in international equities. Regular option premiums contribute to total return, cushioning volatility and providing a degree of downside mitigation—elements that may appeal to Australian investors seeking lower-correlated assets.

Exposure to US technology and growth sectors, combined with reliable management, enhances EOS’s appeal in international portfolios. Eaton Vance Management, led by portfolio manager Douglas Rogers, continues to emphasize diversification across leading US growth names, including significant positions in the technology sector. This aligns with ongoing global trends favoring US tech. For Australian investors looking for indirect international equity exposure with controlled volatility, EOS’s allocation and manager pedigree offer reassurance.

Tax considerations for Australian investors remain straightforward, with US withholding reduced under bilateral treaties and clear income categorization. While EOS distributions are subject to a standard 30% US withholding for foreign holders, Australia's tax treaty with the US can reduce this burden for compliant residents. Most distributions are classified as ordinary dividends and return of capital, with clear reporting structures, supporting transparency and simplicity for local reporting and SMSF compliance.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.