Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Sees Large Increase in Short Interest

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 133,700 shares, an increase of 86.7% from the February 28th total of 71,600 shares. Based on an average daily volume of 321,500 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ETW. JPMorgan Chase & Co. lifted its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 1,093.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,643 shares of the company’s stock worth $40,000 after purchasing an additional 4,254 shares during the last quarter. Investment Planning Advisors Inc. lifted its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 0.7% during the 4th quarter. Investment Planning Advisors Inc. now owns 184,303 shares of the company’s stock worth $1,552,000 after buying an additional 1,246 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 0.4% during the 4th quarter. Flagship Harbor Advisors LLC now owns 577,856 shares of the company’s stock worth $4,866,000 after acquiring an additional 2,030 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 7.1% in the 4th quarter. Atomi Financial Group Inc. now owns 52,768 shares of the company’s stock valued at $444,000 after acquiring an additional 3,490 shares during the last quarter. Finally, Annex Advisory Services LLC acquired a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 4th quarter worth about $202,000.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Price Performance

ETW stock traded down $0.09 during mid-day trading on Friday, reaching $8.24. The company had a trading volume of 354,960 shares, compared to its average volume of 320,703. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund has a fifty-two week low of $7.63 and a fifty-two week high of $8.74. The firm has a fifty day simple moving average of $8.49 and a 200 day simple moving average of $8.51.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.0664 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.80 dividend on an annualized basis and a yield of 9.68%.

About Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities 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 public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.