Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW – Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 165,982 shares, an increase of 121.3% from the September 30th total of 74,992 shares. Based on an average daily trading volume, of 277,283 shares, the short-interest ratio is currently 0.6 days.
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Stock Performance
Shares of ETW traded down $0.23 on Friday, hitting $9.33. 240,006 shares of the stock traded hands, compared to its average volume of 309,838. The stock’s 50 day moving average is $9.60 and its two-hundred day moving average is $9.42. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund has a 1 year low of $8.46 and a 1 year high of $9.95.
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a $0.0664 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.80 annualized dividend and a yield of 8.5%.
Institutional Investors Weigh In On Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
Several hedge funds have recently made changes to their positions in ETW. Arlington Capital Management INC grew its position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 3.8% in the third quarter. Arlington Capital Management INC now owns 32,405 shares of the company’s stock valued at $308,000 after purchasing an additional 1,175 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the third quarter valued at $154,000. Blue Bell Private Wealth Management LLC lifted its position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 9.4% during the third quarter. Blue Bell Private Wealth Management LLC now owns 93,020 shares of the company’s stock worth $884,000 after buying an additional 7,999 shares during the period. D.A. Davidson & CO. purchased a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the third quarter worth about $940,000. Finally, Oppenheimer & Co. Inc. purchased a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the third quarter worth about $582,000.
About Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol ETW. The fund seeks to provide total return through a combination of current income and capital appreciation while pursuing tax-managed investment strategies.
The fund invests primarily in a diversified portfolio of equity securities issued by companies around the world, including securities of companies based outside the United States. To generate income and manage portfolio exposure, it generally employs a buy-write strategy, writing call options on individual securities or equity indexes represented in its portfolio.
ETW is managed by Eaton Vance Management, an investment management firm that became part of Morgan Stanley Investment Management following Morgan Stanley’s acquisition of Eaton Vance in 2021.
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