Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Update

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETBGet Free Report) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 58,900 shares, an increase of 287.5% from the May 15th total of 15,200 shares. Based on an average daily volume of 49,900 shares, the short-interest ratio is presently 1.2 days.

Eaton Vance Tax-Managed Buy-Write Income Fund Trading Up 0.3 %

NYSE ETB traded up $0.04 on Friday, reaching $14.04. The company had a trading volume of 13,352 shares, compared to its average volume of 60,301. The company’s fifty day moving average is $13.56 and its 200 day moving average is $13.35. Eaton Vance Tax-Managed Buy-Write Income Fund has a 52-week low of $11.59 and a 52-week high of $14.10.

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

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 21st will be given a $0.106 dividend. This is a positive change from Eaton Vance Tax-Managed Buy-Write Income Fund’s previous monthly dividend of $0.11. This represents a $1.27 dividend on an annualized basis and a yield of 9.06%. The ex-dividend date of this dividend is Friday, June 21st.

Institutional Investors Weigh In On Eaton Vance Tax-Managed Buy-Write Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Advisors LLC increased its position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 16.2% during the 1st quarter. Cornerstone Advisors LLC now owns 565,946 shares of the financial services provider’s stock valued at $7,725,000 after purchasing an additional 79,088 shares during the last quarter. 1607 Capital Partners LLC increased its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 77.9% in the 4th quarter. 1607 Capital Partners LLC now owns 473,593 shares of the financial services provider’s stock worth $6,147,000 after acquiring an additional 207,370 shares during the last quarter. UBS Group AG increased its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 1.9% in the 3rd quarter. UBS Group AG now owns 435,702 shares of the financial services provider’s stock worth $5,494,000 after acquiring an additional 8,315 shares during the last quarter. Cetera Investment Advisers increased its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 1,947.5% in the 1st quarter. Cetera Investment Advisers now owns 303,257 shares of the financial services provider’s stock worth $4,139,000 after acquiring an additional 288,446 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 10.6% in the 1st quarter. Advisors Asset Management Inc. now owns 223,625 shares of the financial services provider’s stock worth $3,052,000 after purchasing an additional 21,348 shares during the period.

About Eaton Vance Tax-Managed Buy-Write Income Fund

(Get Free Report)

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.

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