Short Interest in Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Drops By 83.5%

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 5,275 shares, a decline of 83.5% from the April 30th total of 32,027 shares. Based on an average daily trading volume, of 44,348 shares, the days-to-cover ratio is currently 0.1 days.

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

ETB opened at $15.43 on Thursday. The business has a 50-day moving average of $15.03 and a two-hundred day moving average of $15.17. Eaton Vance Tax-Managed Buy-Write Income Fund has a 12 month low of $13.71 and a 12 month high of $15.60.

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

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $0.1058 dividend. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a yield of 8.2%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WCG Wealth Advisors LLC grew its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 2.2% during the 3rd quarter. WCG Wealth Advisors LLC now owns 38,596 shares of the financial services provider’s stock worth $579,000 after purchasing an additional 827 shares during the period. MML Investors Services LLC grew its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 2.8% during the 4th quarter. MML Investors Services LLC now owns 31,148 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 856 shares during the period. Gould Capital LLC grew its holdings 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 purchasing an additional 1,073 shares during the period. CFO4Life Group LLC grew its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 2.0% during the 3rd quarter. CFO4Life Group LLC now owns 61,769 shares of the financial services provider’s stock worth $927,000 after purchasing an additional 1,199 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 12.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,265 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 1,375 shares during the period.

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.