Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Sees Large Increase in Short Interest

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 31,600 shares, an increase of 134.1% from the August 31st total of 13,500 shares. Based on an average daily trading volume, of 61,200 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Eaton Vance Tax-Managed Buy-Write Income Fund

Several institutional investors have recently added to or reduced their stakes in ETB. Parallel Advisors LLC increased its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 23.2% in the 4th quarter. Parallel Advisors LLC now owns 8,467 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 1,595 shares during the last quarter. 1607 Capital Partners LLC grew its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 77.9% in the fourth quarter. 1607 Capital Partners LLC now owns 473,593 shares of the financial services provider’s stock worth $6,147,000 after acquiring an additional 207,370 shares in the last quarter. Flow State Investments L.P. acquired a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the fourth quarter worth $342,000. Park Avenue Securities LLC acquired a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the first quarter worth $1,190,000. Finally, Integrated Capital Management Inc. acquired a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the first quarter worth $176,000.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Up 0.4 %

Eaton Vance Tax-Managed Buy-Write Income Fund stock opened at $14.31 on Friday. Eaton Vance Tax-Managed Buy-Write Income Fund has a fifty-two week low of $11.59 and a fifty-two week high of $14.52. The firm has a 50 day moving average price of $14.05 and a 200 day moving average price of $13.84.

Eaton Vance Tax-Managed Buy-Write Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a $0.1058 dividend. The ex-dividend date is Friday, September 20th. This represents a $1.27 annualized dividend and a yield of 8.87%.

Eaton Vance Tax-Managed Buy-Write Income Fund Company Profile

Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.