Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB – Get Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 32,027 shares, a decline of 39.0% from the April 15th total of 52,526 shares. Based on an average daily trading volume, of 61,173 shares, the short-interest ratio is currently 0.5 days.
Eaton Vance Tax-Managed Buy-Write Income Fund Stock Up 0.3%
NYSE:ETB traded up $0.05 during trading hours on Monday, hitting $15.12. 56,066 shares of the company’s stock traded hands, compared to its average volume of 55,070. Eaton Vance Tax-Managed Buy-Write Income Fund has a twelve month low of $13.58 and a twelve month high of $15.60. The stock’s fifty day moving average price is $14.99 and its two-hundred day moving average price is $15.16.
Eaton Vance Tax-Managed Buy-Write Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.1058 per share. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Friday, May 15th.
Institutional Inflows and Outflows
About Eaton Vance Tax-Managed Buy-Write Income Fund
The Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB) is a closed-end management investment company that seeks to provide a high level of after-tax total return. The fund primarily invests in a portfolio of U.S. common stocks, focusing on large-capitalization companies with established dividend records. To enhance income and manage risk, ETB employs a covered call, or “buy-write,” strategy, writing call options on selected equity holdings to generate premium income.
Under its tax-managed approach, the fund aims to reduce the tax impact of distributions by employing option overlay techniques alongside traditional equity selection.
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