Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Up 22.8% in June

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 72,300 shares, an increase of 22.8% from the May 31st total of 58,900 shares. Based on an average trading volume of 51,100 shares, the days-to-cover ratio is currently 1.4 days.

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

ETB traded up $0.08 during midday trading on Tuesday, hitting $14.15. 48,840 shares of the company’s stock traded hands, compared to its average volume of 60,574. Eaton Vance Tax-Managed Buy-Write Income Fund has a one year low of $11.59 and a one year high of $14.22. The stock’s fifty day simple moving average is $13.74 and its 200-day simple moving average is $13.45.

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

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd will be paid a dividend of $0.1058 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $1.27 dividend on an annualized basis and a yield of 8.97%.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 23.2% in the 4th quarter. Parallel Advisors LLC now owns 8,467 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 1,595 shares in the last quarter. Diversified LLC acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the 1st quarter valued at $138,000. Integrated Capital Management Inc. acquired a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the 1st quarter valued at $176,000. Sheaff Brock Investment Advisors LLC boosted its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 14.3% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 14,415 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 1,805 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 13.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 16,124 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 1,873 shares in the last quarter.

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.