Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Up 31.6% in March

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 17,900 shares, an increase of 31.6% from the February 28th total of 13,600 shares. Based on an average daily volume of 76,800 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Buy-Write Income Fund

Large investors have recently modified their holdings of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the 4th quarter valued at $38,000. Compass Planning Associates Inc acquired a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the fourth quarter worth about $46,000. Allworth Financial LP increased its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 24.3% during the fourth quarter. Allworth Financial LP now owns 3,757 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 735 shares during the period. JPMorgan Chase & Co. raised its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 491.7% during the third quarter. JPMorgan Chase & Co. now owns 5,420 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 4,504 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund in the fourth quarter valued at about $173,000.

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

Shares of NYSE:ETB traded up $0.06 on Tuesday, reaching $13.71. The company’s stock had a trading volume of 83,608 shares, compared to its average volume of 61,882. Eaton Vance Tax-Managed Buy-Write Income Fund has a 52-week low of $12.99 and a 52-week high of $15.35. The stock’s 50-day moving average is $14.48 and its two-hundred day moving average is $14.64.

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

The business also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.1058 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.27 annualized dividend and a dividend yield of 9.26%.

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.