Short Interest in Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Expands By 147.8%

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV – Get Free Report) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 282,975 shares, a growth of 147.8% from the May 31st total of 114,214 shares. Based on an average daily trading volume, of 162,580 shares, the days-to-cover ratio is presently 1.7 days.

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

NYSE:ETV traded up $0.19 during trading hours on Monday, hitting $14.77. 62,366 shares of the company traded hands, compared to its average volume of 193,659. The firm’s 50-day simple moving average is $14.64 and its 200-day simple moving average is $14.44. Eaton Vance Tax-Managed Buy-Write Opportunities Fund has a one year low of $13.13 and a one year high of $14.99.

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

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.0993 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Monday, June 15th.

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

A number of institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 0.9% during the 4th quarter. LPL Financial LLC now owns 1,799,148 shares of the financial services provider’s stock worth $25,836,000 after buying an additional 16,886 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 3.3% in the 3rd quarter. Invesco Ltd. now owns 1,568,517 shares of the financial services provider’s stock worth $22,351,000 after buying an additional 50,008 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 8.2% in the fourth quarter. Guggenheim Capital LLC now owns 1,305,364 shares of the financial services provider’s stock valued at $18,745,000 after acquiring an additional 98,454 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 3.6% in the third quarter. Raymond James Financial Inc. now owns 1,020,627 shares of the financial services provider’s stock valued at $14,544,000 after acquiring an additional 35,648 shares in the last quarter. Finally, Paragon Financial Partners Inc. increased its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 0.6% during the fourth quarter. Paragon Financial Partners Inc. now owns 941,916 shares of the financial services provider’s stock valued at $13,526,000 after acquiring an additional 5,310 shares during the last quarter.

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

(Get Free Report)

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) is a closed-end management investment company that seeks to provide a high level of current income and capital appreciation while seeking to manage the tax consequences of fund distributions. The fund employs a buy-write, or covered call, strategy on a portfolio of primarily large-cap U.S. equities to generate option premium income and to potentially enhance overall total returns. Equity holdings are selected based on fundamental analysis, with an emphasis on high-quality issuers across various sectors.

In constructing its portfolio, ETV integrates a systematic options overlay designed to capture premiums from writing call options on the underlying stock positions.

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