Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB – Get Free Report) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 22,379 shares, a growth of 324.2% from the May 14th total of 5,275 shares. Based on an average daily trading volume, of 52,273 shares, the days-to-cover ratio is presently 0.4 days.
Hedge Funds Weigh In On Eaton Vance Tax-Managed Buy-Write Income Fund
Institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 7.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,571 shares of the financial services provider’s stock valued at $772,000 after buying an additional 3,435 shares during the period. MML Investors Services LLC increased its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 2.8% during the fourth quarter. MML Investors Services LLC now owns 31,148 shares of the financial services provider’s stock valued at $476,000 after buying an additional 856 shares during the period. Cerity Partners LLC acquired a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund in the fourth quarter valued at approximately $232,000. Goldman Sachs Group Inc. acquired a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund in the fourth quarter valued at approximately $154,000. Finally, Gould Capital LLC boosted its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 16.9% in the second quarter. Gould Capital LLC now owns 7,426 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 1,073 shares in the last quarter.
Eaton Vance Tax-Managed Buy-Write Income Fund Stock Up 0.6%
Shares of NYSE ETB traded up $0.09 during mid-day trading on Thursday, hitting $15.15. 37,519 shares of the company’s stock traded hands, compared to its average volume of 54,542. The company’s 50-day moving average is $15.22 and its two-hundred day moving average is $15.20. Eaton Vance Tax-Managed Buy-Write Income Fund has a 1 year low of $13.86 and a 1 year high of $15.67.
Eaton Vance Tax-Managed Buy-Write Income Fund Announces Dividend
About Eaton Vance Tax-Managed Buy-Write Income Fund
The Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB) is a closed-end management investment company that seeks to provide a high level of after-tax total return. The fund primarily invests in a portfolio of U.S. common stocks, focusing on large-capitalization companies with established dividend records. To enhance income and manage risk, ETB employs a covered call, or “buy-write,” strategy, writing call options on selected equity holdings to generate premium income.
Under its tax-managed approach, the fund aims to reduce the tax impact of distributions by employing option overlay techniques alongside traditional equity selection.
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