Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Down 39.0% in April

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 32,027 shares, a decrease of 39.0% from the April 15th total of 52,526 shares. Based on an average daily trading volume, of 61,173 shares, the days-to-cover ratio is currently 0.5 days.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Up 0.3%

ETB stock traded up $0.05 on Monday, hitting $15.12. The company had a trading volume of 56,066 shares, compared to its average volume of 55,070. Eaton Vance Tax-Managed Buy-Write Income Fund has a 12-month low of $13.58 and a 12-month high of $15.60. The stock’s 50-day simple moving average is $14.99 and its 200 day simple moving average is $15.16.

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

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.1058 dividend. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a yield of 8.4%.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Buy-Write Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC purchased a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund in the fourth quarter worth approximately $232,000. Ameritas Advisory Services LLC boosted its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 6.9% in the fourth quarter. Ameritas Advisory Services LLC now owns 26,426 shares of the financial services provider’s stock worth $404,000 after purchasing an additional 1,713 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 9.1% in the third quarter. Ameriprise Financial Inc. now owns 100,555 shares of the financial services provider’s stock worth $1,508,000 after purchasing an additional 8,428 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 51.4% in the third quarter. Two Sigma Investments LP now owns 61,133 shares of the financial services provider’s stock worth $917,000 after purchasing an additional 20,767 shares during the last quarter. Finally, WCG Wealth Advisors LLC boosted its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 2.2% in the third quarter. WCG Wealth Advisors LLC now owns 38,596 shares of the financial services provider’s stock worth $579,000 after purchasing an additional 827 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.