Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Stock Short Interest Declines 35.2%

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 16,888 shares, a drop of 35.2% from the September 15th total of 26,042 shares. Based on an average daily volume of 49,212 shares, the days-to-cover ratio is presently 0.3 days.

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

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the 2nd quarter valued at $762,000. Centaurus Financial Inc. acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth $233,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth $2,947,000. Fortitude Advisory Group L.L.C. grew its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 13.2% in the third quarter. Fortitude Advisory Group L.L.C. now owns 21,785 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 2,544 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 833.3% in the second quarter. NewEdge Advisors LLC now owns 14,896 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 13,300 shares during the period.

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

NYSE:ETB traded down $0.10 on Friday, reaching $15.15. The stock had a trading volume of 71,138 shares, compared to its average volume of 52,207. The firm’s fifty day moving average is $15.52 and its two-hundred day moving average is $15.37. Eaton Vance Tax-Managed Buy-Write Income Fund has a 12-month low of $13.86 and a 12-month high of $15.82.

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

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be paid a dividend of $0.1058 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.27 annualized dividend and a dividend yield of 8.4%.

About Eaton Vance Tax-Managed Buy-Write Income Fund

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB) is a closed-end investment fund managed by Eaton Vance Management. The fund seeks to provide a high level of current income and gains, with a secondary objective of achieving long-term total return.

ETB generally invests in a diversified portfolio of common stocks, primarily those of U.S. companies, and uses a buy-write strategy to generate income. This strategy involves holding equity positions while writing, or selling, call options on selected securities or market indexes.