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

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 2,808 shares, a decline of 79.7% from the June 15th total of 13,823 shares. Based on an average daily trading volume, of 43,149 shares, the short-interest ratio is presently 0.1 days.

Eaton Vance Tax-Managed Buy-Write Income Fund Stock Up 0.1%

Eaton Vance Tax-Managed Buy-Write Income Fund stock traded up $0.01 during mid-day trading on Friday, hitting $15.59. 28,187 shares of the company’s stock traded hands, compared to its average volume of 53,149. The firm has a 50 day moving average price of $15.36 and a 200 day moving average price of $15.23. Eaton Vance Tax-Managed Buy-Write Income Fund has a one year low of $13.86 and a one year high of $15.67.

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

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.1058 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend 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 modified their holdings of the stock. Invesco Ltd. grew its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 4.3% in the 2nd quarter. Invesco Ltd. now owns 393,744 shares of the financial services provider’s stock valued at $5,686,000 after buying an additional 16,237 shares in the last quarter. Gould Capital LLC raised its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 16.9% during the 2nd quarter. Gould Capital LLC now owns 7,426 shares of the financial services provider’s stock worth $107,000 after buying an additional 1,073 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of 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 buying an additional 26,277 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 45.7% in 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 acquiring an additional 145,724 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the 2nd quarter worth approximately $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.