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

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

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

ETB stock opened at $15.28 on Friday. Eaton Vance Tax-Managed Buy-Write Income Fund has a 1-year low of $13.86 and a 1-year high of $15.67. The business has a 50 day simple moving average of $15.24 and a two-hundred day simple moving average of $15.20.

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

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.1058 dividend. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 4.1% in the 1st quarter. Bank of America Corp DE now owns 456,583 shares of the financial services provider’s stock worth $6,584,000 after purchasing an additional 17,862 shares during the period. Waverly Advisors LLC bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the 1st quarter worth approximately $172,000. Cetera Investment Advisers boosted its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 2.5% in the 1st quarter. Cetera Investment Advisers now owns 302,650 shares of the financial services provider’s stock worth $4,364,000 after purchasing an additional 7,431 shares during the period. Quartz Partners LLC boosted its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 5.6% during the 1st quarter. Quartz Partners LLC now owns 52,078 shares of the financial services provider’s stock valued at $751,000 after acquiring an additional 2,785 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 10.6% during the 1st quarter. D.A. Davidson & CO. now owns 34,228 shares of the financial services provider’s stock valued at $494,000 after acquiring an additional 3,282 shares during the last quarter.

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.