Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Shares Shorted: Short Interest Down 89.2% in October

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 1,819 shares, a drop of 89.2% from the October 15th total of 16,912 shares. Based on an average daily volume of 56,934 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 5.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,127 shares of the financial services provider’s stock worth $251,000 after acquiring an additional 802 shares in the last quarter. Fortitude Advisory Group L.L.C. raised its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 13.2% in the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 21,785 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 2,544 shares during the last quarter. Quartz Partners LLC raised its position 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 worth $751,000 after purchasing an additional 2,785 shares during the last quarter. D.A. Davidson & CO. raised its position 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 worth $494,000 after purchasing an additional 3,282 shares during the last quarter. Finally, Focus Advisor Solutions LLC boosted its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 26.5% in the 3rd quarter. Focus Advisor Solutions LLC now owns 16,651 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 3,492 shares in the last quarter.

Eaton Vance Tax-Managed Buy-Write Income Fund Stock Performance

Shares of ETB traded up $0.21 during mid-day trading on Wednesday, reaching $15.22. The company had a trading volume of 15,064 shares, compared to its average volume of 52,903. The firm has a 50-day moving average price of $15.35 and a 200 day moving average price of $15.31. Eaton Vance Tax-Managed Buy-Write Income Fund has a 52 week low of $13.86 and a 52 week high of $15.82.

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

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a dividend of $0.1196 per share. This is a boost from Eaton Vance Tax-Managed Buy-Write Income Fund’s previous monthly dividend of $0.1058. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.44 dividend on an annualized basis and a yield of 9.4%.

Eaton Vance Tax-Managed Buy-Write Income Fund Company Profile

Eaton Vance Tax-Managed Buy-Write Income Fund is a closed-end investment fund traded on the New York Stock Exchange under the symbol ETB. The fund is designed to provide current income and gains while pursuing a tax-managed investment approach. The fund invests primarily in a diversified portfolio of common stocks and uses a buy-write, or covered-call, strategy. This involves writing call options on selected securities or broad-based equity indexes against all or part of the underlying portfolio, with the goal of generating option-premium income in addition to income from the portfolio’s investments.