Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Down 38.2% in June

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 13,823 shares, a drop of 38.2% from the May 31st total of 22,379 shares. Based on an average daily trading volume, of 55,994 shares, the days-to-cover ratio is presently 0.2 days.

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

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 4.1% in the 1st quarter. Bank of America Corp DE now owns 456,583 shares of the financial services provider’s stock worth $6,584,000 after purchasing an additional 17,862 shares during the last quarter. Waverly Advisors LLC bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund in the 1st quarter valued at $172,000. Cetera Investment Advisers boosted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 2.5% in the 1st quarter. Cetera Investment Advisers now owns 302,650 shares of the financial services provider’s stock valued at $4,364,000 after buying an additional 7,431 shares during the last quarter. Quartz Partners LLC increased its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 5.6% in the 1st quarter. Quartz Partners LLC now owns 52,078 shares of the financial services provider’s stock valued at $751,000 after buying an additional 2,785 shares during the period. Finally, D.A. Davidson & CO. increased its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 10.6% in the 1st quarter. D.A. Davidson & CO. now owns 34,228 shares of the financial services provider’s stock valued at $494,000 after buying an additional 3,282 shares during the period.

Eaton Vance Tax-Managed Buy-Write Income Fund Stock Up 0.1%

NYSE ETB traded up $0.01 on Friday, hitting $15.53. 29,424 shares of the company were exchanged, compared to its average volume of 53,712. The firm has a 50 day moving average of $15.32 and a two-hundred day moving average of $15.21. Eaton Vance Tax-Managed Buy-Write Income Fund has a 1-year low of $13.86 and a 1-year high of $15.67.

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

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.1058 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

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.