Short Interest in Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Declines By 86.2%

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a significant drop in short interest in 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 trading volume of 71,300 shares, the days-to-cover ratio is currently 0.2 days.

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

ETB traded up $0.11 during midday trading on Friday, hitting $14.52. 60,612 shares of the company’s stock traded hands, compared to its average volume of 79,899. The stock’s fifty day simple moving average is $14.99 and its 200-day simple moving average is $14.66. Eaton Vance Tax-Managed Buy-Write Income Fund has a one year low of $12.99 and a one year high of $15.35.

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

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.1058 per share. This represents a $1.27 annualized dividend and a yield of 8.74%. The ex-dividend date of this dividend is Friday, February 14th.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Buy-Write Income Fund

A number of institutional investors have recently modified their holdings of ETB. Raymond James Financial Inc. bought a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the fourth quarter valued at approximately $3,056,000. Commonwealth Equity Services LLC increased its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 200.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 157,905 shares of the financial services provider’s stock worth $2,369,000 after acquiring an additional 105,337 shares during the period. Sims Investment Management LLC bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the fourth quarter worth $1,506,000. Shaker Financial Services LLC increased its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 24.5% during the third quarter. Shaker Financial Services LLC now owns 325,946 shares of the financial services provider’s stock worth $4,703,000 after acquiring an additional 64,232 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 6.3% during the fourth quarter. Guggenheim Capital LLC now owns 643,117 shares of the financial services provider’s stock worth $9,647,000 after buying an additional 37,855 shares in the last quarter.

About Eaton Vance Tax-Managed Buy-Write Income Fund

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.