Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Sees Significant Growth in Short Interest

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETWGet Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 233,253 shares, an increase of 56.0% from the August 15th total of 149,476 shares. Based on an average trading volume of 247,084 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ETW. Western Wealth Management LLC acquired a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 1st quarter worth $88,000. Howard Financial Services LTD. acquired a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the second quarter valued at about $105,000. Corient Private Wealth LP acquired a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the second quarter valued at about $111,000. Old Mission Investment Co LLC bought a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the second quarter worth about $112,000. Finally, Fifth Third Bancorp acquired a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 1st quarter worth about $163,000.

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

Shares of ETW stock opened at $9.60 on Friday. The stock’s 50 day simple moving average is $9.68 and its 200 day simple moving average is $9.41. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund has a twelve month low of $8.46 and a twelve month high of $9.95.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.0664 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Tuesday, September 15th.

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

(Get Free Report)

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital and to achieve capital appreciation. The fund pursues its objectives by investing primarily in a diversified portfolio of U.S. and foreign equity securities, and by employing a buy-write strategy in which it writes (sells) call options on portions of its equity holdings. This option writing is designed to generate additional income and to potentially mitigate portfolio volatility.

The fund’s underlying equity investments span a broad range of sectors and geographic regions, including developed and emerging markets in North America, Europe, Asia and other regions.

Further Reading

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