Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Update

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 22,379 shares, an increase of 324.2% from the May 14th total of 5,275 shares. Based on an average trading volume of 52,273 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ETB. Invesco Ltd. boosted its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 4.3% in the 2nd quarter. Invesco Ltd. now owns 393,744 shares of the financial services provider’s stock worth $5,686,000 after buying an additional 16,237 shares during the period. Gould Capital LLC boosted its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 16.9% in the 2nd quarter. Gould Capital LLC now owns 7,426 shares of the financial services provider’s stock worth $107,000 after buying an additional 1,073 shares during the period. Ameriprise Financial Inc. boosted its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 39.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 92,127 shares of the financial services provider’s stock worth $1,330,000 after buying an additional 26,277 shares during the period. Bank of America Corp DE boosted its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 45.7% in the 2nd quarter. Bank of America Corp DE now owns 464,271 shares of the financial services provider’s stock worth $6,704,000 after buying an additional 145,724 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the 2nd quarter worth $25,000.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Up 0.6%

Eaton Vance Tax-Managed Buy-Write Income Fund stock traded up $0.09 during mid-day trading on Thursday, hitting $15.15. The stock had a trading volume of 37,519 shares, compared to its average volume of 54,542. The firm’s 50 day moving average is $15.22 and its 200 day moving average is $15.20. Eaton Vance Tax-Managed Buy-Write Income Fund has a one year low of $13.86 and a one year high of $15.67.

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

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.1058 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 8.4%.

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

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.