Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Sees Large Drop in Short Interest

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 34,046 shares, a decline of 76.4% from the September 30th total of 144,281 shares. Based on an average trading volume of 193,023 shares, the short-interest ratio is presently 0.2 days.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Trading Up 0.2%

NYSE:ETV traded up $0.03 during trading hours on Wednesday, reaching $14.67. The company had a trading volume of 160,214 shares, compared to its average volume of 180,262. The business’s 50-day simple moving average is $15.06 and its two-hundred day simple moving average is $14.69. Eaton Vance Tax-Managed Buy-Write Opportunities Fund has a twelve month low of $13.13 and a twelve month high of $15.49.

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

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.0993 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.19 annualized dividend and a dividend yield of 8.1%.

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

Several large investors have recently made changes to their positions in the company. Bank of America Corp DE increased its position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.6% in the 1st quarter. Bank of America Corp DE now owns 719,814 shares of the financial services provider’s stock valued at $9,840,000 after buying an additional 18,451 shares in the last quarter. Balanced Wealth Group LLC boosted its holdings in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 6.1% in the first quarter. Balanced Wealth Group LLC now owns 606,954 shares of the financial services provider’s stock worth $8,297,000 after acquiring an additional 34,974 shares in the last quarter. Cetera Investment Advisers grew its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 181.9% in the first quarter. Cetera Investment Advisers now owns 340,066 shares of the financial services provider’s stock valued at $4,649,000 after acquiring an additional 219,413 shares during the period. Thayer Partners LLC MA grew its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.1% in the first quarter. Thayer Partners LLC MA now owns 205,433 shares of the financial services provider’s stock valued at $2,808,000 after acquiring an additional 4,189 shares during the period. Finally, Sharpepoint LLC grew its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 9.0% in the first quarter. Sharpepoint LLC now owns 199,934 shares of the financial services provider’s stock valued at $2,733,000 after acquiring an additional 16,587 shares during the period.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Company Profile

Eaton Vance Tax-Managed Buy-Write Opportunities Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol ETV. The fund is managed by Eaton Vance Management, an investment-management subsidiary of Morgan Stanley Investment Management.

ETV seeks to provide current income and gains while managing the tax consequences of its investment strategy. It generally invests in a diversified portfolio of equity securities, with an emphasis on large-capitalization companies, and uses a buy-write strategy by writing call options on selected securities or broad market indexes.

The fund’s option-writing activities are intended to generate premium income and may help manage portfolio risk, although they can also limit some of the portfolio’s potential upside.