Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Short Interest Down 42.3% in February

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 28,278 shares, a decrease of 42.3% from the February 12th total of 48,992 shares. Based on an average daily trading volume, of 215,227 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 215,227 shares, the short-interest ratio is presently 0.1 days.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Stock Performance

Shares of NYSE ETV traded down $0.17 during midday trading on Thursday, reaching $14.32. 99,826 shares of the company were exchanged, compared to its average volume of 228,987. The stock has a fifty day simple moving average of $14.54 and a 200 day simple moving average of $14.34. Eaton Vance Tax-Managed Buy-Write Opportunities Fund has a 1 year low of $10.64 and a 1 year high of $14.83.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.0993 per share. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Monday, March 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ETV. Wolverine Asset Management LLC grew its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 169.3% in the 4th quarter. Wolverine Asset Management LLC now owns 333,559 shares of the financial services provider’s stock valued at $4,790,000 after acquiring an additional 209,679 shares during the last quarter. Readystate Asset Management LP raised its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 386.4% in the fourth quarter. Readystate Asset Management LP now owns 229,639 shares of the financial services provider’s stock valued at $3,298,000 after buying an additional 182,423 shares during the last quarter. Emissary Wealth LLC purchased a new position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the fourth quarter valued at approximately $2,418,000. Cornerstone Advisors LLC boosted its position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 91.7% during the third quarter. Cornerstone Advisors LLC now owns 316,595 shares of the financial services provider’s stock worth $4,511,000 after acquiring an additional 151,443 shares during the last quarter. Finally, Shaker Financial Services LLC grew its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 58.9% in the 3rd quarter. Shaker Financial Services LLC now owns 322,604 shares of the financial services provider’s stock worth $4,597,000 after acquiring an additional 119,578 shares during the period.

About Eaton Vance Tax-Managed Buy-Write Opportunities Fund

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) is a closed-end management investment company that seeks to provide a high level of current income and capital appreciation while seeking to manage the tax consequences of fund distributions. The fund employs a buy-write, or covered call, strategy on a portfolio of primarily large-cap U.S. equities to generate option premium income and to potentially enhance overall total returns. Equity holdings are selected based on fundamental analysis, with an emphasis on high-quality issuers across various sectors.

In constructing its portfolio, ETV integrates a systematic options overlay designed to capture premiums from writing call options on the underlying stock positions.