Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB – Get Free Report) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 1,819 shares, a decrease of 89.2% from the October 15th total of 16,912 shares. Based on an average daily volume of 56,934 shares, the days-to-cover ratio is currently 0.0 days.
Eaton Vance Tax-Managed Buy-Write Income Fund Trading Up 1.4%
Shares of ETB traded up $0.21 during trading hours on Wednesday, reaching $15.22. 15,064 shares of the company traded hands, compared to its average volume of 52,903. The company’s fifty day moving average price is $15.35 and its two-hundred day moving average price is $15.31. Eaton Vance Tax-Managed Buy-Write Income Fund has a 12 month low of $13.86 and a 12 month high of $15.82.
Eaton Vance Tax-Managed Buy-Write Income Fund Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a dividend of $0.1196 per share. This represents a $1.44 annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from Eaton Vance Tax-Managed Buy-Write Income Fund’s previous monthly dividend of $0.1058.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Paragon Financial Partners Inc. bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter valued at approximately $14,266,000. Bank of America Corp DE bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the second quarter worth $9,990,000. Balanced Wealth Group LLC bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the second quarter worth $9,187,000. Shaker Financial Services LLC lifted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 2.1% during the third quarter. Shaker Financial Services LLC now owns 447,139 shares of the financial services provider’s stock valued at $6,855,000 after buying an additional 9,310 shares during the period. Finally, Cetera Investment Advisers lifted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 2.5% during the first quarter. Cetera Investment Advisers now owns 302,650 shares of the financial services provider’s stock valued at $4,364,000 after buying an additional 7,431 shares during the period.
Eaton Vance Tax-Managed Buy-Write Income Fund Company Profile
Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-end investment fund traded on the New York Stock Exchange under the symbol ETB. The fund is designed to provide current income and gains while pursuing a tax-managed investment approach. The fund invests primarily in a diversified portfolio of common stocks and uses a buy-write, or covered-call, strategy. This involves writing call options on selected securities or broad-based equity indexes against all or part of the underlying portfolio, with the goal of generating option-premium income in addition to income from the portfolio’s investments.
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