Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Update

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 12,468 shares, a growth of 642.6% from the July 30th total of 1,679 shares. Based on an average daily volume of 58,384 shares, the days-to-cover ratio is presently 0.2 days.

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

ETB stock opened at $15.67 on Wednesday. The company has a 50 day moving average price of $15.46 and a 200 day moving average price of $15.27. Eaton Vance Tax-Managed Buy-Write Income Fund has a fifty-two week low of $13.86 and a fifty-two week high of $15.74.

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

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.1058 dividend. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, August 14th.

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

A number of institutional investors and hedge funds have recently made changes to their positions in ETB. Invesco Ltd. boosted its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 4.3% in the second quarter. Invesco Ltd. now owns 393,744 shares of the financial services provider’s stock valued at $5,686,000 after acquiring an additional 16,237 shares during the last quarter. Gould Capital LLC increased its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 16.9% in 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. raised its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 39.9% during the 2nd 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 last quarter. Bank of America Corp DE raised its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 45.7% during the 2nd 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 last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the 2nd quarter valued at about $25,000.

About Eaton Vance Tax-Managed Buy-Write Income Fund

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.