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

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 8,205 shares, a growth of 192.2% from the June 30th total of 2,808 shares. Based on an average trading volume of 41,196 shares, the days-to-cover ratio is presently 0.2 days.

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

Several institutional investors and hedge funds have recently modified their holdings of ETB. Bank of America Corp DE lifted its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 45.7% during the 2nd quarter. Bank of America Corp DE now owns 464,271 shares of the financial services provider’s stock valued at $6,704,000 after buying an additional 145,724 shares in the last quarter. Guggenheim Capital LLC increased its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 33.9% in the 4th quarter. Guggenheim Capital LLC now owns 564,785 shares of the financial services provider’s stock worth $8,624,000 after acquiring an additional 143,001 shares in the last quarter. LPL Financial LLC raised its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 9.6% during the 4th quarter. LPL Financial LLC now owns 318,383 shares of the financial services provider’s stock worth $4,862,000 after acquiring an additional 27,970 shares during the period. Ameriprise Financial Inc. lifted its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 39.9% during the second quarter. Ameriprise Financial Inc. now owns 92,127 shares of the financial services provider’s stock valued at $1,330,000 after purchasing an additional 26,277 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 14.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 196,666 shares of the financial services provider’s stock valued at $3,003,000 after purchasing an additional 24,936 shares in the last quarter.

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

Eaton Vance Tax-Managed Buy-Write Income Fund stock remained flat at $15.27 during mid-day trading on Monday. 19,934 shares of the company were exchanged, compared to its average volume of 51,880. The stock has a 50-day moving average of $15.38 and a two-hundred day moving average of $15.24. Eaton Vance Tax-Managed Buy-Write Income Fund has a fifty-two week low of $13.86 and a fifty-two week high of $15.72.

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

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.1058 per share. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Wednesday, July 15th.

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

The Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB) is a closed-end management investment company that seeks to provide a high level of after-tax total return. The fund primarily invests in a portfolio of U.S. common stocks, focusing on large-capitalization companies with established dividend records. To enhance income and manage risk, ETB employs a covered call, or “buy-write,” strategy, writing call options on selected equity holdings to generate premium income.

Under its tax-managed approach, the fund aims to reduce the tax impact of distributions by employing option overlay techniques alongside traditional equity selection.