Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Sees Significant Growth in Short Interest

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 26,042 shares, an increase of 109.6% from the August 31st total of 12,422 shares. Based on an average daily trading volume, of 54,183 shares, the short-interest ratio is currently 0.5 days.

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

Shares of Eaton Vance Tax-Managed Buy-Write Income Fund stock traded up $0.01 during mid-day trading on Tuesday, reaching $15.37. 62,519 shares of the stock traded hands, compared to its average volume of 51,844. The business has a 50-day moving average of $15.52 and a 200 day moving average of $15.30. Eaton Vance Tax-Managed Buy-Write Income Fund has a fifty-two week low of $13.86 and a fifty-two week high of $15.82.

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

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.1058 per share. This represents a $1.27 annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Paragon Financial Partners Inc. purchased a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 2nd quarter valued at approximately $14,266,000. Principle Wealth Partners LLC purchased a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the second quarter worth approximately $190,000. Focused Wealth Management Inc purchased a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the second quarter worth approximately $188,000. Wealth Effects LLC acquired a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth $546,000. Finally, HBK Sorce Advisory LLC acquired a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth $419,000.

About Eaton Vance Tax-Managed Buy-Write Income Fund

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB) is a closed-end investment fund managed by Eaton Vance Management, an indirect subsidiary of Morgan Stanley. The fund is designed to provide current income and gains while also seeking capital appreciation through an actively managed investment strategy.

The fund invests primarily in a diversified portfolio of common stocks, generally emphasizing established U.S. companies. To generate additional income, it employs a buy-write strategy by selling—or “writing”—call options on some of the securities held in its portfolio.