Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Sees Significant Growth in Short Interest

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 89,321 shares, an increase of 94.0% from the April 15th total of 46,045 shares. Based on an average daily trading volume, of 163,819 shares, the days-to-cover ratio is presently 0.5 days.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Trading Down 0.7%

NYSE ETV opened at $14.24 on Tuesday. Eaton Vance Tax-Managed Buy-Write Opportunities Fund has a twelve month low of $13.10 and a twelve month high of $14.83. The firm’s 50 day moving average price is $14.20 and its two-hundred day moving average price is $14.36.

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

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.0993 per share. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date is Friday, May 15th.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC grew its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 69.2% during the 4th quarter. CoreCap Advisors LLC now owns 2,446 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 1,000 shares in the last quarter. CENTRAL TRUST Co purchased a new position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the 4th quarter valued at $36,000. Barrett & Company Inc. lifted its stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 44.0% in the 3rd quarter. Barrett & Company Inc. now owns 3,600 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,100 shares during the last quarter. Main Street Group LTD acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 1st quarter valued at $65,000. Finally, Olistico Wealth LLC acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the 4th quarter valued at $92,000.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Company Profile

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) is a closed-end management investment company that seeks to provide a high level of current income and capital appreciation while seeking to manage the tax consequences of fund distributions. The fund employs a buy-write, or covered call, strategy on a portfolio of primarily large-cap U.S. equities to generate option premium income and to potentially enhance overall total returns. Equity holdings are selected based on fundamental analysis, with an emphasis on high-quality issuers across various sectors.

In constructing its portfolio, ETV integrates a systematic options overlay designed to capture premiums from writing call options on the underlying stock positions.