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

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

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Paragon Financial Partners Inc. bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter valued at approximately $14,266,000. Bank of America Corp DE bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the 2nd quarter worth approximately $9,990,000. Balanced Wealth Group LLC bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the 2nd quarter worth approximately $9,187,000. Shaker Financial Services LLC lifted its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 2.1% in the 3rd quarter. Shaker Financial Services LLC now owns 447,139 shares of the financial services provider’s stock worth $6,855,000 after acquiring an additional 9,310 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 2.5% in the 1st quarter. Cetera Investment Advisers now owns 302,650 shares of the financial services provider’s stock worth $4,364,000 after acquiring an additional 7,431 shares during the last quarter.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Down 0.7%

Shares of Eaton Vance Tax-Managed Buy-Write Income Fund stock opened at $15.15 on Friday. The business’s 50-day moving average price is $15.52 and its 200-day moving average price 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 Announces Dividend

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

Eaton Vance Tax-Managed Buy-Write Income Fund Company Profile

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.