Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Down 66.5% in May

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB – Get Rating) saw a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 23,000 shares, a drop of 66.5% from the May 15th total of 68,600 shares. Based on an average daily trading volume, of 65,300 shares, the days-to-cover ratio is currently 0.4 days.

Shares of ETB stock opened at $14.99 on Friday. Eaton Vance Tax-Managed Buy-Write Income Fund has a 52 week low of $14.35 and a 52 week high of $17.85. The firm has a 50 day moving average of $15.65 and a 200-day moving average of $16.29.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, June 23rd will be given a dividend of $0.108 per share. This represents a $1.30 annualized dividend and a dividend yield of 8.65%. The ex-dividend date is Wednesday, June 22nd.

Hedge funds have recently made changes to their positions in the company. Worth Asset Management LLC acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 1st quarter worth approximately $40,000. Ahrens Investment Partners LLC acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 4th quarter worth approximately $67,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 1st quarter worth approximately $176,000. Truist Financial Corp acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 1st quarter worth approximately $208,000. Finally, Cetera Investment Advisers grew its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 9.0% in the 4th quarter. Cetera Investment Advisers now owns 12,620 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 1,046 shares during the period.

Eaton Vance Tax-Managed Buy-Write Income Fund Company Profile (Get Rating)

Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.

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