Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Sees Large Drop in Short Interest

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW – Get Rating) was the recipient of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 7,700 shares, a drop of 25.2% from the May 15th total of 10,300 shares. Based on an average daily volume of 320,700 shares, the short-interest ratio is presently 0.0 days.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund stock traded up $0.05 during midday trading on Friday, reaching $7.99. The company’s stock had a trading volume of 20,894 shares, compared to its average volume of 302,435. The business has a 50-day simple moving average of $9.00 and a 200-day simple moving average of $10.02. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund has a fifty-two week low of $7.91 and a fifty-two week high of $11.34.

The business also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Investors of record on Thursday, June 23rd will be given a $0.0727 dividend. This represents a $0.87 annualized dividend and a yield of 10.92%. The ex-dividend date is Wednesday, June 22nd.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Worth Asset Management LLC acquired a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 1st quarter valued at $33,000. Goldman Sachs Group Inc. purchased a new stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 1st quarter worth $106,000. Atria Wealth Solutions Inc. purchased a new stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 1st quarter worth $112,000. Buckingham Strategic Partners purchased a new stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 4th quarter worth $128,000. Finally, AE Wealth Management LLC purchased a new stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 4th quarter worth $130,000.

About Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (Get Rating)

Eaton Vance Tax-Managed Global Buy-Write Opportunities 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 public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.

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