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 target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 146,300 shares, an increase of 86.1% from the December 31st total of 78,600 shares. Based on an average daily trading volume, of 53,800 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the fourth quarter valued at approximately $38,000. Princeton Global Asset Management LLC acquired a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund in the 3rd quarter valued at $41,000. JPMorgan Chase & Co. boosted its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 491.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,420 shares of the financial services provider’s stock valued at $78,000 after buying an additional 4,504 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the third quarter worth $145,000. Finally, Graypoint LLC boosted its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 26.9% in the third quarter. Graypoint LLC now owns 13,161 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 2,789 shares in the last quarter.

Eaton Vance Tax-Managed Buy-Write Income Fund Stock Down 1.1 %

Shares of Eaton Vance Tax-Managed Buy-Write Income Fund stock traded down $0.17 during trading on Wednesday, hitting $14.99. 165,178 shares of the stock traded hands, compared to its average volume of 55,254. The company has a fifty day moving average price of $15.03 and a two-hundred day moving average price of $14.52. Eaton Vance Tax-Managed Buy-Write Income Fund has a twelve month low of $12.99 and a twelve month high of $15.35.

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

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.1058 dividend. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.47%. The ex-dividend date is Wednesday, January 15th.

About Eaton Vance Tax-Managed Buy-Write Income Fund

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.