Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Up 642.6% in August

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a significant growth in short interest in 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 currently 0.2 days.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Up 0.4%

ETB stock traded up $0.07 during midday trading on Thursday, reaching $15.69. The stock had a trading volume of 8,544 shares, compared to its average volume of 51,609. Eaton Vance Tax-Managed Buy-Write Income Fund has a 52-week low of $13.86 and a 52-week high of $15.74. The company’s fifty day simple moving average is $15.47 and its 200 day simple moving average is $15.27.

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

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

Hedge Funds Weigh In On Eaton Vance Tax-Managed Buy-Write Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of ETB. Bank of America Corp DE purchased a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the second quarter valued at approximately $46,679,000. Paragon Financial Partners Inc. purchased a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth approximately $14,266,000. Balanced Wealth Group LLC purchased a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth approximately $9,187,000. Focused Wealth Management Inc acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth $5,891,000. Finally, Fund Advisors of America Inc FL acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth $2,429,000.

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.