Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Down 79.7% in June

by · The Markets Daily

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB – Get Free Report) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 2,808 shares, a decrease of 79.7% from the June 15th total of 13,823 shares. Based on an average daily volume of 43,149 shares, the short-interest ratio is presently 0.1 days.

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

Shares of NYSE ETB traded down $0.01 during mid-day trading on Monday, hitting $15.58. The company’s stock had a trading volume of 55,332 shares, compared to its average volume of 53,165. Eaton Vance Tax-Managed Buy-Write Income Fund has a one year low of $13.86 and a one year high of $15.67. The company’s fifty day simple moving average is $15.36 and its 200-day simple moving average is $15.23.

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

The firm also recently disclosed 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 yield of 8.1%.

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

A number of institutional investors have recently bought and sold shares of ETB. Invesco Ltd. lifted its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 4.3% in the 2nd quarter. Invesco Ltd. now owns 393,744 shares of the financial services provider’s stock valued at $5,686,000 after purchasing an additional 16,237 shares during the period. Gould Capital LLC grew its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 16.9% during the second quarter. Gould Capital LLC now owns 7,426 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 1,073 shares during the period. Ameriprise Financial Inc. lifted its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 39.9% in the second quarter. Ameriprise Financial Inc. now owns 92,127 shares of the financial services provider’s stock valued at $1,330,000 after buying an additional 26,277 shares during the period. Bank of America Corp DE boosted its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 45.7% during the second quarter. Bank of America Corp DE now owns 464,271 shares of the financial services provider’s stock worth $6,704,000 after buying an additional 145,724 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the 2nd quarter worth about $25,000.

About Eaton Vance Tax-Managed Buy-Write Income Fund

(Get Free Report)

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.

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