Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Shares Shorted: Short Interest Down 35.2% in September

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 16,888 shares, a decrease of 35.2% from the September 15th total of 26,042 shares. Based on an average daily trading volume, of 49,212 shares, the days-to-cover ratio is currently 0.3 days.

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

NYSE ETB opened at $15.27 on Friday. Eaton Vance Tax-Managed Buy-Write Income Fund has a fifty-two week low of $13.86 and a fifty-two week high of $15.82. The stock’s 50-day moving average is $15.53 and its two-hundred day moving average is $15.37.

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

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.1058 per share. This represents a $1.27 annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Thursday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ETB. Fortitude Advisory Group L.L.C. raised its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 13.2% in the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 21,785 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 2,544 shares in the last quarter. Shaker Financial Services LLC boosted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 2.1% during the third quarter. Shaker Financial Services LLC now owns 447,139 shares of the financial services provider’s stock worth $6,855,000 after purchasing an additional 9,310 shares during the period. NewEdge Advisors LLC boosted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 833.3% during the second quarter. NewEdge Advisors LLC now owns 14,896 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 13,300 shares during the period. Ameritas Advisory Services LLC boosted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 24.8% during the second quarter. Ameritas Advisory Services LLC now owns 31,534 shares of the financial services provider’s stock worth $490,000 after purchasing an additional 6,265 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 5.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,127 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 802 shares during the last quarter.

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. The fund seeks to provide a high level of current income and gains, with a secondary objective of achieving long-term total return.

ETB generally invests in a diversified portfolio of common stocks, primarily those of U.S. companies, and uses a buy-write strategy to generate income. This strategy involves holding equity positions while writing, or selling, call options on selected securities or market indexes.