Short Interest in Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Decreases By 75.8%

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 13,800 shares, a decline of 75.8% from the June 30th total of 57,100 shares. Based on an average daily trading volume, of 52,500 shares, the short-interest ratio is currently 0.3 days.

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

ETB traded up $0.02 on Friday, hitting $13.97. 27,622 shares of the company’s stock were exchanged, compared to its average volume of 58,840. The stock has a fifty day moving average of $14.00 and a two-hundred day moving average of $13.60. Eaton Vance Tax-Managed Buy-Write Income Fund has a twelve month low of $11.59 and a twelve month high of $14.41.

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

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd will be given a dividend of $0.1058 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date is Tuesday, July 23rd.

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

Hedge funds have recently made changes to their positions in the stock. Integrated Capital Management Inc. increased its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 7.1% in the second quarter. Integrated Capital Management Inc. now owns 13,769 shares of the financial services provider’s stock worth $194,000 after buying an additional 907 shares during the period. Cetera Investment Advisers grew its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 1,947.5% during the first quarter. Cetera Investment Advisers now owns 303,257 shares of the financial services provider’s stock worth $4,139,000 after acquiring an additional 288,446 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 14.3% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 14,415 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 1,805 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 10.6% in the 1st quarter. Advisors Asset Management Inc. now owns 223,625 shares of the financial services provider’s stock worth $3,052,000 after acquiring an additional 21,348 shares during the period. Finally, Robinson Capital Management LLC bought a new stake in Eaton Vance Tax-Managed Buy-Write Income Fund in the 1st quarter valued at about $305,000.

About Eaton Vance Tax-Managed Buy-Write Income Fund

Eaton Vance Tax-Managed Buy-Write Income 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.