Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Stock Short Interest Falls 76.4%

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 34,046 shares, a drop of 76.4% from the September 30th total of 144,281 shares. Based on an average trading volume of 193,023 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 8.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,673 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 820 shares during the period. American Institute for Advanced Investment Management LLP grew its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 4.0% during the 1st quarter. American Institute for Advanced Investment Management LLP now owns 28,770 shares of the financial services provider’s stock worth $422,000 after buying an additional 1,100 shares during the period. Park Avenue Securities LLC raised its stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 0.9% during the third quarter. Park Avenue Securities LLC now owns 148,330 shares of the financial services provider’s stock worth $2,213,000 after buying an additional 1,365 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 11.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 13,058 shares of the financial services provider’s stock worth $195,000 after buying an additional 1,373 shares during the last quarter. Finally, Triumph Capital Management lifted its holdings in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 6.5% in the second quarter. Triumph Capital Management now owns 25,046 shares of the financial services provider’s stock valued at $373,000 after buying an additional 1,518 shares during the period.

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

Shares of NYSE:ETV traded down $0.15 during trading on Friday, hitting $14.52. 136,725 shares of the stock were exchanged, compared to its average volume of 179,876. Eaton Vance Tax-Managed Buy-Write Opportunities Fund has a 1-year low of $13.13 and a 1-year high of $15.49. The company’s fifty day simple moving average is $15.04 and its 200-day simple moving average is $14.69.

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

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.0993 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, October 15th.

About Eaton Vance Tax-Managed Buy-Write Opportunities Fund

(Get Free Report)

Eaton Vance Tax-Managed Buy-Write Opportunities Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol ETV. The fund is managed by Eaton Vance Management, an investment-management subsidiary of Morgan Stanley Investment Management.

ETV seeks to provide current income and gains while managing the tax consequences of its investment strategy. It generally invests in a diversified portfolio of equity securities, with an emphasis on large-capitalization companies, and uses a buy-write strategy by writing call options on selected securities or broad market indexes.

The fund’s option-writing activities are intended to generate premium income and may help manage portfolio risk, although they can also limit some of the portfolio’s potential upside.

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