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

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 22,379 shares, an increase of 324.2% from the May 14th total of 5,275 shares. Based on an average daily volume of 52,273 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ETB. Invesco Ltd. increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 4.3% during the second quarter. Invesco Ltd. now owns 393,744 shares of the financial services provider’s stock worth $5,686,000 after purchasing an additional 16,237 shares during the period. Gould Capital LLC increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 16.9% during the second quarter. Gould Capital LLC now owns 7,426 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 1,073 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 39.9% during the second quarter. Ameriprise Financial Inc. now owns 92,127 shares of the financial services provider’s stock worth $1,330,000 after purchasing an additional 26,277 shares during the period. Bank of America Corp DE increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 45.7% during the second quarter. Bank of America Corp DE now owns 464,271 shares of the financial services provider’s stock worth $6,704,000 after purchasing an additional 145,724 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth approximately $25,000.

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

NYSE:ETB opened at $15.28 on Friday. The stock has a 50 day simple moving average of $15.24 and a 200 day simple moving average of $15.20. Eaton Vance Tax-Managed Buy-Write Income Fund has a 1-year low of $13.86 and a 1-year high of $15.67.

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

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.1058 per share. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Monday, June 15th.

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.