Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Sees Large Drop in Short Interest

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 5,275 shares, a decline of 83.5% from the April 30th total of 32,027 shares. Based on an average trading volume of 44,348 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. purchased a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund in the 2nd quarter valued at $25,000. Kestra Advisory Services LLC purchased a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund in the 4th quarter valued at $86,000. Gould Capital LLC raised its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 16.9% in the 2nd quarter. Gould Capital LLC now owns 7,426 shares of the financial services provider’s stock valued at $107,000 after buying an additional 1,073 shares during the last quarter. Modern Wealth Management LLC purchased a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund in the 3rd quarter valued at $151,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund in the 4th quarter valued at $154,000.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Up 0.0%

Shares of NYSE ETB traded up $0.01 during midday trading on Friday, hitting $15.60. 100,392 shares of the stock traded hands, compared to its average volume of 54,810. Eaton Vance Tax-Managed Buy-Write Income Fund has a one year low of $13.80 and a one year high of $15.67. The business has a 50 day moving average price of $15.06 and a two-hundred day moving average price of $15.18.

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

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.1058 per share. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 8.1%.

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.