Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Down 38.2% in June

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 13,823 shares, a drop of 38.2% from the May 31st total of 22,379 shares. Based on an average trading volume of 55,994 shares, the short-interest ratio is presently 0.2 days.

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

Shares of ETB stock remained flat at $15.53 during trading hours on Thursday. The stock had a trading volume of 29,424 shares, compared to its average volume of 53,712. The business’s fifty day moving average price is $15.32 and its 200 day moving average price is $15.21. Eaton Vance Tax-Managed Buy-Write Income Fund has a 1-year low of $13.86 and a 1-year high of $15.67.

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

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a dividend of $0.1058 per share. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date is Wednesday, July 15th.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. purchased a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth about $25,000. Kestra Advisory Services LLC purchased a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the 4th quarter valued at approximately $86,000. Gould Capital LLC boosted its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 16.9% in the 2nd 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 in the last quarter. Modern Wealth Management LLC purchased a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund during the 3rd quarter worth approximately $151,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund during the 4th quarter worth approximately $154,000.

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.