Short Interest in Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Decreases By 79.5%

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,679 shares, a drop of 79.5% from the July 15th total of 8,205 shares. Based on an average daily volume of 39,195 shares, the days-to-cover ratio is currently 0.0 days.

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

ETB traded up $0.02 during midday trading on Thursday, reaching $15.68. 49,637 shares of the company’s stock traded hands, compared to its average volume of 52,329. 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 firm has a fifty day moving average of $15.41 and a two-hundred day moving average of $15.26.

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. Investors of record on Friday, August 14th 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 is Friday, August 14th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Paragon Financial Partners Inc. bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 2nd quarter valued at about $14,266,000. Balanced Wealth Group LLC bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the second quarter worth about $9,187,000. Focused Wealth Management Inc bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the second quarter worth about $5,891,000. Fund Advisors of America Inc FL purchased a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund in the second quarter worth about $2,429,000. Finally, Roman Butler Fullerton & Co. purchased a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund in the second quarter worth about $2,128,000.

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.