Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Shares Shorted: Short Interest Down 89.2% in October

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) saw a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 1,819 shares, a decline of 89.2% from the October 15th total of 16,912 shares. Based on an average daily volume of 56,934 shares, the short-interest ratio is presently 0.0 days.

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

Several hedge funds have recently made changes to their positions in the stock. Allworth Financial LP purchased a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund during the 2nd quarter worth about $93,000. Northwestern Mutual Wealth Management Co. purchased a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the 2nd quarter valued at about $159,000. Kingsview Wealth Management LLC bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter valued at about $159,000. Waverly Advisors LLC bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the first quarter valued at about $172,000. Finally, Investor s Fiduciary Advisor Network LLC purchased a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the second quarter worth about $184,000.

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

Shares of ETB stock traded up $0.01 during trading on Friday, reaching $15.12. 17,675 shares of the company’s stock traded hands, compared to its average volume of 52,728. The firm’s 50-day moving average is $15.34 and its 200 day moving average is $15.30. Eaton Vance Tax-Managed Buy-Write Income Fund has a 1 year low of $13.86 and a 1 year high of $15.82.

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

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued a $0.1196 dividend. The ex-dividend date of this dividend is Monday, November 16th. This is an increase from Eaton Vance Tax-Managed Buy-Write Income Fund’s previous monthly dividend of $0.1058. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.5%.

About Eaton Vance Tax-Managed Buy-Write Income Fund

Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-end investment fund traded on the New York Stock Exchange under the symbol ETB. The fund is designed to provide current income and gains while pursuing a tax-managed investment approach. The fund invests primarily in a diversified portfolio of common stocks and uses a buy-write, or covered-call, strategy. This involves writing call options on selected securities or broad-based equity indexes against all or part of the underlying portfolio, with the goal of generating option-premium income in addition to income from the portfolio’s investments.