Short Interest in Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Drops By 91.4%

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 7,000 shares, a drop of 91.4% from the February 29th total of 81,100 shares. Based on an average daily volume of 71,400 shares, the days-to-cover ratio is currently 0.1 days.

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

Shares of NYSE:ETB traded up $0.01 during midday trading on Friday, reaching $13.65. 43,634 shares of the company traded hands, compared to its average volume of 68,949. Eaton Vance Tax-Managed Buy-Write Income Fund has a 12 month low of $11.59 and a 12 month high of $14.08. The firm’s fifty day moving average price is $13.39 and its two-hundred day moving average price is $12.97.

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

The company also recently declared a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 21st were issued a $0.0932 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.12 annualized dividend and a dividend yield of 8.19%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 5.1% in the 2nd quarter. Wells Fargo & Company MN now owns 722,641 shares of the financial services provider’s stock worth $10,861,000 after buying an additional 35,188 shares in the last quarter. UBS Group AG grew its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 5.5% in the first quarter. UBS Group AG now owns 585,118 shares of the financial services provider’s stock worth $9,888,000 after acquiring an additional 30,479 shares in the last quarter. Cornerstone Advisors LLC increased its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 53.6% in the fourth quarter. Cornerstone Advisors LLC now owns 486,858 shares of the financial services provider’s stock valued at $6,319,000 after acquiring an additional 169,823 shares during the last quarter. 1607 Capital Partners LLC raised its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 77.9% during the fourth quarter. 1607 Capital Partners LLC now owns 473,593 shares of the financial services provider’s stock valued at $6,147,000 after purchasing an additional 207,370 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 16.1% during the third quarter. Invesco Ltd. now owns 326,996 shares of the financial services provider’s stock worth $4,123,000 after purchasing an additional 45,450 shares during the last quarter.

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

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.