Short Interest in Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Expands By 95.4%

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 25,600 shares, a growth of 95.4% from the March 31st total of 13,100 shares. Based on an average trading volume of 62,800 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 23.2% in the fourth quarter. Parallel Advisors LLC now owns 8,467 shares of the financial services provider’s stock valued at $110,000 after buying an additional 1,595 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 13.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 16,124 shares of the financial services provider’s stock valued at $209,000 after buying an additional 1,873 shares in the last quarter. AEGON USA Investment Management LLC boosted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 29.8% in the fourth quarter. AEGON USA Investment Management LLC now owns 21,756 shares of the financial services provider’s stock valued at $282,000 after buying an additional 5,000 shares in the last quarter. Claro Advisors LLC boosted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 14.3% in the first quarter. Claro Advisors LLC now owns 48,668 shares of the financial services provider’s stock valued at $664,000 after buying an additional 6,080 shares in the last quarter. Finally, UBS Group AG boosted its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 1.9% in the third quarter. UBS Group AG now owns 435,702 shares of the financial services provider’s stock valued at $5,494,000 after buying an additional 8,315 shares in the last quarter.

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

ETB traded up $0.22 during trading on Friday, hitting $13.23. The stock had a trading volume of 58,919 shares, compared to its average volume of 66,331. 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 company has a 50 day simple moving average of $13.46 and a 200-day simple moving average of $13.07.

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

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be issued a dividend of $0.106 per share. This is an increase from Eaton Vance Tax-Managed Buy-Write Income Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.27 annualized dividend and a dividend yield of 9.61%.

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.