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

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 83,249 shares, a drop of 64.3% from the August 31st total of 233,253 shares. Based on an average daily volume of 283,199 shares, the short-interest ratio is currently 0.3 days.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Trading Up 0.8%

Shares of NYSE:ETW traded up $0.07 on Friday, reaching $9.62. The company had a trading volume of 225,647 shares, compared to its average volume of 318,710. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund has a 52-week low of $8.46 and a 52-week high of $9.95. The firm’s 50 day simple moving average is $9.68 and its 200-day simple moving average is $9.42.

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

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0664 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.80 dividend on an annualized basis and a yield of 8.3%.

Institutional Trading of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC lifted its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 133.3% during the first quarter. Kestra Advisory Services LLC now owns 104,364 shares of the company’s stock valued at $916,000 after acquiring an additional 59,630 shares during the last quarter. Genesis Financial Group LLC grew its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 2.7% in the first quarter. Genesis Financial Group LLC now owns 44,542 shares of the company’s stock worth $391,000 after purchasing an additional 1,161 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the first quarter worth $163,000. Howard Financial Services LTD. purchased a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 2nd quarter valued at $105,000. Finally, David J Yvars Group lifted its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 34.8% during the 2nd quarter. David J Yvars Group now owns 41,827 shares of the company’s stock valued at $403,000 after purchasing an additional 10,797 shares during the last quarter.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Company Profile

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW) is a diversified closed-end fund managed by Eaton Vance Management, a subsidiary of Morgan Stanley. The fund seeks to provide current income and gains, with capital appreciation as a secondary objective, through a globally diversified portfolio of equity securities.

The fund invests primarily in common stocks of companies located in the United States and other countries. It also follows a buy-write, or covered-call, strategy by writing call options on some of the stocks in its portfolio.