Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Update

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 39,300 shares, a growth of 254.1% from the September 15th total of 11,100 shares. Based on an average trading volume of 59,200 shares, the days-to-cover ratio is presently 0.7 days.

Large investors have recently bought and sold shares of the stock. Morgan Stanley boosted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 5.8% during the second quarter. Morgan Stanley now owns 1,231,635 shares of the financial services provider’s stock valued at $20,667,000 after purchasing an additional 67,702 shares during the last quarter. Guggenheim Capital LLC increased its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 24.1% during the 1st quarter. Guggenheim Capital LLC now owns 531,914 shares of the financial services provider’s stock worth $8,372,000 after acquiring an additional 103,207 shares during the period. UBS Group AG increased its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 0.6% in the 1st quarter. UBS Group AG now owns 496,560 shares of the financial services provider’s stock valued at $7,816,000 after purchasing an additional 2,951 shares during the last quarter. Invesco Ltd. increased its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 33.4% in the 2nd quarter. Invesco Ltd. now owns 247,221 shares of the financial services provider’s stock valued at $4,148,000 after purchasing an additional 61,967 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 14.0% during the 2nd quarter. Advisor Group Holdings Inc. now owns 119,859 shares of the financial services provider’s stock valued at $2,011,000 after acquiring an additional 14,730 shares in the last quarter.

NYSE ETB traded up $0.06 on Thursday, reaching $16.06. The company had a trading volume of 38,829 shares, compared to its average volume of 62,798. The stock’s 50 day moving average is $16.39 and its 200-day moving average is $16.35. Eaton Vance Tax-Managed Buy-Write Income Fund has a 52 week low of $13.00 and a 52 week high of $17.00.

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 29th. Investors of record on Friday, October 22nd will be issued a dividend of $0.108 per share. The ex-dividend date of this dividend is Thursday, October 21st. This represents a $1.30 dividend on an annualized basis and a dividend yield of 8.07%.

Eaton Vance Tax-Managed Buy-Write Income Fund Company Profile

Eaton Vance Tax-Managed Buy-Write Income Fund operates as a closed-end investment fund. It provides current income and gains for capital appreciation. The company was founded on April 29, 2005 and is headquartered in Boston, MA.

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