Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Short Interest Up 137.5% in March

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 67,150 shares, an increase of 137.5% from the February 26th total of 28,278 shares. Based on an average daily volume of 183,311 shares, the short-interest ratio is presently 0.4 days.

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

ETV stock opened at $13.27 on Friday. The firm has a 50-day simple moving average of $14.40 and a 200-day simple moving average of $14.33. Eaton Vance Tax-Managed Buy-Write Opportunities Fund has a 52 week low of $10.64 and a 52 week high of $14.83.

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

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a $0.0993 dividend. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date is Monday, March 16th.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Buy-Write Opportunities Fund

A number of hedge funds have recently made changes to their positions in ETV. HBK Sorce Advisory LLC lifted its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 26,747 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 700 shares in the last quarter. WCG Wealth Advisors LLC increased its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.0% during the third quarter. WCG Wealth Advisors LLC now owns 45,360 shares of the financial services provider’s stock worth $646,000 after purchasing an additional 884 shares in the last quarter. Stifel Financial Corp increased its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 1.2% during the fourth quarter. Stifel Financial Corp now owns 76,451 shares of the financial services provider’s stock worth $1,098,000 after purchasing an additional 899 shares in the last quarter. CoreCap Advisors LLC raised its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 69.2% in the 4th quarter. CoreCap Advisors LLC now owns 2,446 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Focus Financial Network Inc. raised its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 1.8% in the 4th quarter. Focus Financial Network Inc. now owns 55,863 shares of the financial services provider’s stock valued at $802,000 after purchasing an additional 1,006 shares during the last quarter.

About Eaton Vance Tax-Managed Buy-Write Opportunities Fund

The Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) is a closed-end management investment company that seeks to provide a high level of current income and capital appreciation while seeking to manage the tax consequences of fund distributions. The fund employs a buy-write, or covered call, strategy on a portfolio of primarily large-cap U.S. equities to generate option premium income and to potentially enhance overall total returns. Equity holdings are selected based on fundamental analysis, with an emphasis on high-quality issuers across various sectors.

In constructing its portfolio, ETV integrates a systematic options overlay designed to capture premiums from writing call options on the underlying stock positions.