Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Sees Large Increase in Short Interest

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a significant growth in short interest during 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 volume of 57,500 shares, the short-interest ratio is currently 0.4 days.

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

A number of institutional investors have recently modified their holdings of ETB. Wolverine Asset Management LLC acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the third quarter worth $145,000. Graypoint LLC raised its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 26.9% during the third quarter. Graypoint LLC now owns 13,161 shares of the financial services provider’s stock worth $190,000 after acquiring an additional 2,789 shares during the period. Shaker Financial Services LLC lifted its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 24.5% in the third quarter. Shaker Financial Services LLC now owns 325,946 shares of the financial services provider’s stock worth $4,703,000 after acquiring an additional 64,232 shares during the last quarter. Arlington Capital Management Inc. grew its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 14.4% during the third quarter. Arlington Capital Management Inc. now owns 41,035 shares of the financial services provider’s stock valued at $592,000 after purchasing an additional 5,163 shares during the last quarter. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 3rd quarter worth approximately $41,000.

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

Shares of ETB stock traded down $0.07 during mid-day trading on Friday, reaching $14.72. 54,846 shares of the company were exchanged, compared to its average volume of 58,790. The business’s 50 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 has a fifty-two week low of $12.59 and a fifty-two week high of $14.90.

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

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

About Eaton Vance Tax-Managed Buy-Write Income Fund

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.