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

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 75,200 shares, a growth of 75.3% from the May 31st total of 42,900 shares. Based on an average trading volume of 245,000 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Large investors have recently made changes to their positions in the stock. Cetera Advisors LLC increased its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 39.4% during the 1st quarter. Cetera Advisors LLC now owns 16,063 shares of the company’s stock valued at $132,000 after purchasing an additional 4,540 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 72.7% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 59,338 shares of the company’s stock valued at $487,000 after purchasing an additional 24,979 shares during the last quarter. Cornerstone Advisors LLC raised its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 21.6% in the 1st quarter. Cornerstone Advisors LLC now owns 1,691,542 shares of the company’s stock worth $13,871,000 after purchasing an additional 300,257 shares during the period. Prevail Innovative Wealth Advisors LLC increased its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 23.2% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 120,200 shares of the company’s stock worth $986,000 after acquiring an additional 22,631 shares during the period. Finally, ORG Partners LLC bought a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the first quarter valued at approximately $161,000.

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

NYSE ETW remained flat at $8.27 during midday trading on Friday. The company’s stock had a trading volume of 334,145 shares, compared to its average volume of 260,475. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund has a 52-week low of $6.96 and a 52-week high of $8.49. The business has a fifty day moving average of $8.13 and a 200-day moving average of $8.00.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 21st were paid a $0.066 dividend. This represents a $0.79 annualized dividend and a dividend yield of 9.58%. The ex-dividend date of this dividend was Friday, June 21st.

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.