Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Sees Large Decrease in Short Interest

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the target of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 1,819 shares, a drop of 89.2% from the October 15th total of 16,912 shares. Based on an average daily volume of 56,934 shares, the short-interest ratio is currently 0.0 days.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Down 0.2%

ETB stock traded down $0.03 during mid-day trading on Thursday, reaching $15.14. The company’s stock had a trading volume of 39,063 shares, compared to its average volume of 52,897. The business’s 50 day moving average price is $15.35 and its 200 day moving average price is $15.30. Eaton Vance Tax-Managed Buy-Write Income Fund has a 12 month low of $13.86 and a 12 month high of $15.82.

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

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.1196 per share. This is a positive change from Eaton Vance Tax-Managed Buy-Write Income Fund’s previous monthly dividend of $0.1058. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.44 annualized dividend and a dividend yield of 9.5%.

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

Several large investors have recently modified their holdings of the stock. Paragon Financial Partners Inc. acquired a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 2nd quarter valued at $14,266,000. Bank of America Corp DE bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth $9,990,000. Balanced Wealth Group LLC bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth $9,187,000. Shaker Financial Services LLC grew its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 2.1% in 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. Finally, Cetera Investment Advisers grew its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 2.5% in the first quarter. Cetera Investment Advisers now owns 302,650 shares of the financial services provider’s stock worth $4,364,000 after purchasing an additional 7,431 shares during the period.

About Eaton Vance Tax-Managed Buy-Write Income Fund

Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-end investment fund traded on the New York Stock Exchange under the symbol ETB. The fund is designed to provide current income and gains while pursuing a tax-managed investment approach. The fund invests primarily in a diversified portfolio of common stocks and uses a buy-write, or covered-call, strategy. This involves writing call options on selected securities or broad-based equity indexes against all or part of the underlying portfolio, with the goal of generating option-premium income in addition to income from the portfolio’s investments.