Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Short Interest Up 147.8% in June

by · The Markets Daily

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV – Get Free Report) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 282,975 shares, an increase of 147.8% from the May 31st total of 114,214 shares. Based on an average daily trading volume, of 162,580 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the first quarter valued at about $152,000. Invesco Ltd. grew its stake in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 3.4% during the second quarter. Invesco Ltd. now owns 1,518,509 shares of the financial services provider’s stock worth $21,062,000 after acquiring an additional 50,208 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund during the second quarter valued at about $455,000. Raymond James Financial Inc. increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 0.3% during the second quarter. Raymond James Financial Inc. now owns 984,979 shares of the financial services provider’s stock valued at $13,662,000 after acquiring an additional 3,272 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 6.5% in the 2nd quarter. Bank of America Corp DE now owns 773,562 shares of the financial services provider’s stock valued at $10,729,000 after purchasing an additional 47,136 shares during the last quarter.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Stock Up 1.6%

Shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund stock traded up $0.24 on Tuesday, reaching $14.91. The stock had a trading volume of 249,400 shares, compared to its average volume of 195,276. The company has a 50 day moving average price of $14.65 and a 200 day moving average price of $14.45. Eaton Vance Tax-Managed Buy-Write Opportunities Fund has a 1 year low of $13.13 and a 1 year high of $14.99.

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

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0993 per share. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Monday, June 15th.

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

(Get Free Report)

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.

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