Short Interest in Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Declines By 86.2%

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 15,200 shares, a decrease of 86.2% from the January 31st total of 110,000 shares. Based on an average trading volume of 71,300 shares, the short-interest ratio is currently 0.2 days.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Down 1.4 %

NYSE ETB traded down $0.21 during trading hours on Thursday, reaching $14.39. 86,453 shares of the company’s stock traded hands, compared to its average volume of 80,509. Eaton Vance Tax-Managed Buy-Write Income Fund has a 52-week low of $12.99 and a 52-week high of $15.35. The firm has a 50-day simple moving average of $15.00 and a 200 day simple moving average of $14.66.

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

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.1058 dividend. This represents a $1.27 annualized dividend and a yield of 8.82%. The ex-dividend date of this dividend is Friday, February 14th.

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

Several institutional investors and hedge funds have recently modified their holdings of ETB. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund during the 4th quarter valued at about $38,000. Princeton Global Asset Management LLC purchased a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the third quarter valued at approximately $41,000. Compass Planning Associates Inc bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the fourth quarter valued at approximately $46,000. Allworth Financial LP increased its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 24.3% during the fourth quarter. Allworth Financial LP now owns 3,757 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 735 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 491.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,420 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 4,504 shares during the last quarter.

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.