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

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 13,823 shares, a decrease of 38.2% from the May 31st total of 22,379 shares. Based on an average trading volume of 55,994 shares, the short-interest ratio is currently 0.2 days.

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

Shares of Eaton Vance Tax-Managed Buy-Write Income Fund stock remained flat at $15.53 during trading on Thursday. 29,424 shares of the company traded hands, compared to its average volume of 53,712. The firm’s 50-day simple moving average is $15.32 and its 200-day simple moving average is $15.21. Eaton Vance Tax-Managed Buy-Write Income Fund has a 12-month low of $13.86 and a 12-month high of $15.67.

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

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.1058 dividend. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Trading of Eaton Vance Tax-Managed Buy-Write Income Fund

Hedge funds have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. acquired a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth about $25,000. Kestra Advisory Services LLC purchased a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the fourth quarter valued at approximately $86,000. Gould Capital LLC lifted its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 16.9% in the second quarter. Gould Capital LLC now owns 7,426 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 1,073 shares during the period. Goldman Sachs Group Inc. acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the fourth quarter valued at approximately $154,000. Finally, Modern Wealth Management LLC acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the third quarter valued at approximately $151,000.

About Eaton Vance Tax-Managed Buy-Write Income Fund

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.