Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Up 22.8% in June

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 72,300 shares, a growth of 22.8% from the May 31st total of 58,900 shares. Based on an average daily volume of 51,100 shares, the days-to-cover ratio is currently 1.4 days.

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

NYSE:ETB traded up $0.08 during midday trading on Tuesday, hitting $14.15. 48,840 shares of the company were exchanged, compared to its average volume of 60,574. The company has a fifty day simple moving average of $13.74 and a 200 day simple moving average of $13.45. Eaton Vance Tax-Managed Buy-Write Income Fund has a fifty-two week low of $11.59 and a fifty-two week high of $14.22.

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

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd will be paid a dividend of $0.1058 per share. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.27 annualized dividend and a yield of 8.97%.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Buy-Write Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers increased its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 1,947.5% in the first quarter. Cetera Investment Advisers now owns 303,257 shares of the financial services provider’s stock valued at $4,139,000 after purchasing an additional 288,446 shares during the period. 1607 Capital Partners LLC increased its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 1,879.2% in the third quarter. 1607 Capital Partners LLC now owns 266,223 shares of the financial services provider’s stock valued at $3,357,000 after purchasing an additional 252,772 shares during the period. Cornerstone Advisors LLC increased its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 53.6% in the fourth quarter. Cornerstone Advisors LLC now owns 486,858 shares of the financial services provider’s stock valued at $6,319,000 after purchasing an additional 169,823 shares during the period. Park Avenue Securities LLC acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the first quarter valued at $1,190,000. Finally, Claro Advisors LLC acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the fourth quarter valued at $553,000.

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

Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.