Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Sees Significant Drop in Short Interest

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETVGet Rating) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 1,280,000 shares, a drop of 8.6% from the August 15th total of 1,400,000 shares. Based on an average daily volume of 261,600 shares, the days-to-cover ratio is currently 4.9 days.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Price Performance

Shares of NYSE:ETV opened at $14.48 on Thursday. The company’s 50 day simple moving average is $15.00 and its 200 day simple moving average is $14.70. Eaton Vance Tax-Managed Buy-Write Opportunities Fund has a 1 year low of $13.00 and a 1 year high of $16.86.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 23rd will be paid a $0.111 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 9.20%. This is a boost from Eaton Vance Tax-Managed Buy-Write Opportunities Fund’s previous monthly dividend of $0.11. The ex-dividend date is Thursday, September 22nd.

Institutional Trading of Eaton Vance Tax-Managed Buy-Write Opportunities Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Stableford Capital II LLC lifted its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 1.9% during the first quarter. Stableford Capital II LLC now owns 38,194 shares of the financial services provider’s stock worth $588,000 after purchasing an additional 696 shares during the period. Cornerstone Advisory LLC acquired a new position in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the fourth quarter valued at $34,000. Tyler Stone Wealth Management bought a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the fourth quarter valued at $120,000. Siena Capital LLC bought a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the fourth quarter valued at $310,000. Finally, Invesco Ltd. increased its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 9.8% in the fourth quarter. Invesco Ltd. now owns 940,227 shares of the financial services provider’s stock valued at $15,739,000 after purchasing an additional 84,079 shares in the last quarter.

About Eaton Vance Tax-Managed Buy-Write Opportunities Fund

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Eaton Vance Tax-Managed 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 the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.

Further Reading

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