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

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 57,100 shares, a decline of 21.0% from the June 15th total of 72,300 shares. Based on an average daily volume of 53,600 shares, the days-to-cover ratio is presently 1.1 days.

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

Several institutional investors have recently bought and sold shares of ETB. Claro Advisors LLC acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the 4th quarter valued at $553,000. Tyche Wealth Partners LLC acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the 4th quarter valued at $541,000. AEGON USA Investment Management LLC increased its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 29.8% in the 4th quarter. AEGON USA Investment Management LLC now owns 21,756 shares of the financial services provider’s stock valued at $282,000 after buying an additional 5,000 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 13.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 16,124 shares of the financial services provider’s stock valued at $209,000 after buying an additional 1,873 shares during the period. Finally, Arlington Capital Management Inc. acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the 4th quarter valued at $487,000.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Down 0.1 %

Shares of ETB opened at $14.30 on Tuesday. The stock has a fifty day moving average price of $13.91 and a two-hundred day moving average price of $13.53. Eaton Vance Tax-Managed Buy-Write Income Fund has a 52-week low of $11.59 and a 52-week high of $14.39.

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

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd will be given a $0.1058 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $1.27 annualized dividend and a yield of 8.88%.

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

Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.