Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Up 40.5% in October

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 22,200 shares, a growth of 40.5% from the October 15th total of 15,800 shares. Based on an average daily trading volume, of 57,500 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Advisors LLC lifted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 16.2% during the first quarter. Cornerstone Advisors LLC now owns 565,946 shares of the financial services provider’s stock valued at $7,725,000 after buying an additional 79,088 shares in the last quarter. Robinson Capital Management LLC purchased a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund during the 1st quarter worth $305,000. Advisors Asset Management Inc. increased its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 10.6% in the 1st quarter. Advisors Asset Management Inc. now owns 223,625 shares of the financial services provider’s stock valued at $3,052,000 after purchasing an additional 21,348 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 14.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 14,415 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 1,805 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 1,947.5% during the first quarter. Cetera Investment Advisers now owns 303,257 shares of the financial services provider’s stock worth $4,139,000 after purchasing an additional 288,446 shares in the last quarter.

Eaton Vance Tax-Managed Buy-Write Income Fund Stock Down 0.5 %

NYSE ETB traded down $0.07 during mid-day trading on Friday, reaching $14.72. 54,846 shares of the stock were exchanged, compared to its average volume of 58,790. Eaton Vance Tax-Managed Buy-Write Income Fund has a 1-year low of $12.59 and a 1-year high of $14.90. The business’s fifty day simple moving average is $14.41 and its 200 day simple moving average is $14.09.

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

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.1058 per share. This represents a $1.27 annualized dividend and a dividend yield of 8.63%. The ex-dividend date is Thursday, November 21st.

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.