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

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 146,300 shares, a growth of 86.1% from the December 31st total of 78,600 shares. Based on an average daily trading volume, of 53,800 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Buy-Write Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the fourth quarter valued at about $38,000. Princeton Global Asset Management LLC bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the third quarter worth about $41,000. JPMorgan Chase & Co. boosted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 491.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,420 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 4,504 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund during the 3rd quarter valued at approximately $145,000. Finally, Graypoint LLC boosted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 26.9% during the 3rd quarter. Graypoint LLC now owns 13,161 shares of the financial services provider’s stock valued at $190,000 after acquiring an additional 2,789 shares in the last quarter.

Eaton Vance Tax-Managed Buy-Write Income Fund Stock Performance

ETB traded down $0.17 during midday trading on Wednesday, reaching $14.99. 165,178 shares of the company were exchanged, compared to its average volume of 55,254. The company’s fifty day moving average price is $15.03 and its 200 day moving average price is $14.52. Eaton Vance Tax-Managed Buy-Write Income Fund has a one year low of $12.99 and a one year high of $15.35.

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

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.1058 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.47%.

About Eaton Vance Tax-Managed Buy-Write Income Fund

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.