Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Down 79.7% in June

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 2,808 shares, a decline of 79.7% from the June 15th total of 13,823 shares. Based on an average trading volume of 43,149 shares, the days-to-cover ratio is presently 0.1 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 45.7% in the second quarter. Bank of America Corp DE now owns 464,271 shares of the financial services provider’s stock worth $6,704,000 after buying an additional 145,724 shares during the last quarter. Guggenheim Capital LLC lifted its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 33.9% during the 4th quarter. Guggenheim Capital LLC now owns 564,785 shares of the financial services provider’s stock valued at $8,624,000 after acquiring an additional 143,001 shares during the last quarter. PMG Family Office LLC acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 3rd quarter valued at $1,146,000. LPL Financial LLC lifted its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 9.6% during the 4th quarter. LPL Financial LLC now owns 318,383 shares of the financial services provider’s stock valued at $4,862,000 after acquiring an additional 27,970 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 39.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 92,127 shares of the financial services provider’s stock worth $1,330,000 after acquiring an additional 26,277 shares in the last quarter.

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

NYSE ETB traded up $0.01 on Friday, reaching $15.59. The company’s stock had a trading volume of 28,187 shares, compared to its average volume of 53,149. Eaton Vance Tax-Managed Buy-Write Income Fund has a twelve month low of $13.86 and a twelve month high of $15.67. The firm’s 50 day moving average is $15.36 and its two-hundred day moving average is $15.23.

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

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.1058 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Wednesday, July 15th.

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.