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 recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 15,200 shares, a drop of 86.2% from the January 31st total of 110,000 shares. Based on an average daily volume of 71,300 shares, the days-to-cover ratio is currently 0.2 days.

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

Shares of ETB traded up $0.18 during midday trading on Friday, hitting $14.59. The stock had a trading volume of 84,141 shares, compared to its average volume of 80,601. The company has a 50 day simple moving average of $14.98 and a two-hundred day simple moving average of $14.66. Eaton Vance Tax-Managed Buy-Write Income Fund has a twelve month low of $12.99 and a twelve month high of $15.35.

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

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.1058 dividend. This represents a $1.27 annualized dividend and a dividend yield of 8.70%. The ex-dividend date was Friday, February 14th.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP raised its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 24.3% in the 4th quarter. Allworth Financial LP now owns 3,757 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 735 shares during the period. King Wealth Management Group increased its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 5.6% in the fourth quarter. King Wealth Management Group now owns 14,935 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 792 shares during the last quarter. MML Investors Services LLC increased its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 3.6% in the third quarter. MML Investors Services LLC now owns 25,464 shares of the financial services provider’s stock valued at $367,000 after acquiring an additional 873 shares during the last quarter. Fortitude Advisory Group L.L.C. increased its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 5.6% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 19,241 shares of the financial services provider’s stock valued at $289,000 after acquiring an additional 1,027 shares during the last quarter. Finally, Graypoint LLC increased its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 7.9% in the fourth quarter. Graypoint LLC now owns 14,201 shares of the financial services provider’s stock valued at $213,000 after acquiring an additional 1,040 shares during the last quarter.

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

Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.