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) was the target of 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 volume of 44,348 shares, the days-to-cover ratio is currently 0.1 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the 2nd quarter worth approximately $25,000. Kestra Advisory Services LLC acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the 4th quarter worth approximately $86,000. Gould Capital LLC lifted its position in 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 acquiring an additional 1,073 shares in the last quarter. Modern Wealth Management LLC acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the 3rd quarter worth approximately $151,000. Finally, Goldman Sachs Group Inc. acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the 4th quarter worth approximately $154,000.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Up 0.0%

Shares of NYSE:ETB opened at $15.43 on Thursday. Eaton Vance Tax-Managed Buy-Write Income Fund has a 1 year low of $13.71 and a 1 year high of $15.60. The stock has a 50-day simple moving average of $15.03 and a 200-day simple moving average of $15.17.

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

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.1058 per share. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

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.