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

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 5,275 shares, a drop of 83.5% from the April 30th total of 32,027 shares. Based on an average trading volume of 44,348 shares, the days-to-cover ratio is currently 0.1 days.

Eaton Vance Tax-Managed Buy-Write Income Fund Stock Performance

ETB traded up $0.01 during trading on Friday, hitting $15.60. The stock had a trading volume of 100,392 shares, compared to its average volume of 54,810. Eaton Vance Tax-Managed Buy-Write Income Fund has a 12 month low of $13.80 and a 12 month high of $15.67. The company has a 50 day simple moving average of $15.06 and a 200-day simple moving average of $15.18.

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

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.1058 per share. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend was Friday, May 15th.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Buy-Write Income Fund

Large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 7.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,571 shares of the financial services provider’s stock worth $772,000 after purchasing an additional 3,435 shares during the last quarter. MML Investors Services LLC lifted its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 2.8% during the 4th quarter. MML Investors Services LLC now owns 31,148 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 856 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 4th quarter worth about $232,000. Stifel Financial Corp acquired a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund in the 4th quarter worth $210,000. Finally, Bank of America Corp DE grew its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 4.1% in the 1st quarter. Bank of America Corp DE now owns 456,583 shares of the financial services provider’s stock worth $6,584,000 after purchasing an additional 17,862 shares during the last quarter.

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

The Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB) is a closed-end management investment company that seeks to provide a high level of after-tax total return. The fund primarily invests in a portfolio of U.S. common stocks, focusing on large-capitalization companies with established dividend records. To enhance income and manage risk, ETB employs a covered call, or “buy-write,” strategy, writing call options on selected equity holdings to generate premium income.

Under its tax-managed approach, the fund aims to reduce the tax impact of distributions by employing option overlay techniques alongside traditional equity selection.