Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Sees Significant Decline in Short Interest
by Amy Steele · The Cerbat GemEaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV – Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 24,958 shares, a decline of 62.8% from the March 15th total of 67,150 shares. Based on an average daily volume of 170,510 shares, the days-to-cover ratio is currently 0.1 days.
Eaton Vance Tax-Managed Buy-Write Opportunities Fund Trading Up 1.1%
NYSE ETV traded up $0.16 during trading on Monday, reaching $14.29. The company’s stock had a trading volume of 134,110 shares, compared to its average volume of 213,616. Eaton Vance Tax-Managed Buy-Write Opportunities Fund has a twelve month low of $11.84 and a twelve month high of $14.83. The business’s fifty day moving average price is $14.25 and its 200-day moving average price is $14.31.
Eaton Vance Tax-Managed Buy-Write Opportunities Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Wednesday, April 15th will be paid a $0.0993 dividend. The ex-dividend date is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 8.3%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. increased its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 27.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 122,773 shares of the financial services provider’s stock valued at $1,763,000 after purchasing an additional 26,475 shares during the period. Corient Private Wealth LLC increased its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 18.4% in the fourth quarter. Corient Private Wealth LLC now owns 21,517 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 3,342 shares during the period. Beacon Pointe Advisors LLC increased its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 1.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 189,158 shares of the financial services provider’s stock valued at $2,716,000 after purchasing an additional 3,144 shares during the period. Readystate Asset Management LP increased its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 386.4% in the fourth quarter. Readystate Asset Management LP now owns 229,639 shares of the financial services provider’s stock valued at $3,298,000 after purchasing an additional 182,423 shares during the period. Finally, 1607 Capital Partners LLC increased its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 12.8% in the fourth quarter. 1607 Capital Partners LLC now owns 94,313 shares of the financial services provider’s stock valued at $1,354,000 after purchasing an additional 10,720 shares during the period.
About Eaton Vance Tax-Managed Buy-Write Opportunities Fund
The Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) is a closed-end management investment company that seeks to provide a high level of current income and capital appreciation while seeking to manage the tax consequences of fund distributions. The fund employs a buy-write, or covered call, strategy on a portfolio of primarily large-cap U.S. equities to generate option premium income and to potentially enhance overall total returns. Equity holdings are selected based on fundamental analysis, with an emphasis on high-quality issuers across various sectors.
In constructing its portfolio, ETV integrates a systematic options overlay designed to capture premiums from writing call options on the underlying stock positions.