Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Short Interest Up 94.0% in April

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 89,321 shares, an increase of 94.0% from the April 15th total of 46,045 shares. Based on an average daily trading volume, of 163,819 shares, the days-to-cover ratio is currently 0.5 days.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Trading Down 0.7%

NYSE:ETV traded down $0.10 during trading hours on Monday, reaching $14.24. The company’s stock had a trading volume of 263,009 shares, compared to its average volume of 203,875. Eaton Vance Tax-Managed Buy-Write Opportunities Fund has a one year low of $13.10 and a one year high of $14.83. The business’s 50-day moving average is $14.20 and its 200-day moving average is $14.36.

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

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.0993 per share. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Friday, May 15th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ETV. CoreCap Advisors LLC increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 69.2% during the fourth quarter. CoreCap Advisors LLC now owns 2,446 shares of the financial services provider’s stock worth $35,000 after buying an additional 1,000 shares in the last quarter. CENTRAL TRUST Co bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the fourth quarter valued at approximately $36,000. Barrett & Company Inc. grew its stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 44.0% during the third quarter. Barrett & Company Inc. now owns 3,600 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,100 shares during the last quarter. Main Street Group LTD bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the first quarter valued at approximately $65,000. Finally, Olistico Wealth LLC bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the fourth quarter valued at approximately $92,000.

About Eaton Vance Tax-Managed Buy-Write Opportunities Fund

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) is a closed-end management investment company that seeks to provide a high level of current income and capital appreciation while seeking to manage the tax consequences of fund distributions. The fund employs a buy-write, or covered call, strategy on a portfolio of primarily large-cap U.S. equities to generate option premium income and to potentially enhance overall total returns. Equity holdings are selected based on fundamental analysis, with an emphasis on high-quality issuers across various sectors.

In constructing its portfolio, ETV integrates a systematic options overlay designed to capture premiums from writing call options on the underlying stock positions.