Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Shares Shorted: Short Interest Up 109.6% in September

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 26,042 shares, a growth of 109.6% from the August 31st total of 12,422 shares. Based on an average daily volume of 54,183 shares, the days-to-cover ratio is currently 0.5 days.

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

Shares of ETB stock opened at $15.37 on Wednesday. Eaton Vance Tax-Managed Buy-Write Income Fund has a one year low of $13.86 and a one year high of $15.82. The stock has a fifty day moving average price of $15.52 and a 200 day moving average price of $15.30.

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

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.1058 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

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

Several institutional investors have recently made changes to their positions in ETB. Allworth Financial LP bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth about $93,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the 2nd quarter worth approximately $159,000. Kingsview Wealth Management LLC acquired a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the 2nd quarter worth approximately $159,000. Waverly Advisors LLC bought a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 1st quarter worth approximately $172,000. Finally, Investor s Fiduciary Advisor Network LLC bought a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 2nd quarter worth approximately $184,000.

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, an indirect subsidiary of Morgan Stanley. The fund is designed to provide current income and gains while also seeking capital appreciation through an actively managed investment strategy.

The fund invests primarily in a diversified portfolio of common stocks, generally emphasizing established U.S. companies. To generate additional income, it employs a buy-write strategy by selling—or “writing”—call options on some of the securities held in its portfolio.