Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Down 75.8% in July

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 13,800 shares, a drop of 75.8% from the June 30th total of 57,100 shares. Based on an average daily volume of 52,500 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Eaton Vance Tax-Managed Buy-Write Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC boosted its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 23.2% in the 4th quarter. Parallel Advisors LLC now owns 8,467 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 1,595 shares during the last quarter. Diversified LLC bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the first quarter worth about $138,000. Integrated Capital Management Inc. acquired a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 1st quarter worth about $176,000. Sheaff Brock Investment Advisors LLC increased its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 14.3% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 14,415 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 1,805 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 13.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 16,124 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 1,873 shares during the period.

Eaton Vance Tax-Managed Buy-Write Income Fund Stock Up 0.1 %

Shares of NYSE:ETB traded up $0.02 during trading on Friday, hitting $13.97. 27,622 shares of the company’s stock were exchanged, compared to its average volume of 58,840. The firm has a 50-day moving average price of $14.00 and a two-hundred day moving average price of $13.60. Eaton Vance Tax-Managed Buy-Write Income Fund has a 1-year low of $11.59 and a 1-year high of $14.41.

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

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd will be paid a $0.1058 dividend. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.27 dividend on an annualized basis and a yield of 9.09%.

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.