Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Sees Large Growth in Short Interest

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 86,300 shares, an increase of 14.8% from the June 15th total of 75,200 shares. Based on an average daily volume of 239,200 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Large investors have recently bought and sold shares of the business. Financial Synergies Wealth Advisors Inc. purchased a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 1st quarter valued at $64,000. Blue Bell Private Wealth Management LLC boosted its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 171.4% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 9,500 shares of the company’s stock valued at $78,000 after acquiring an additional 6,000 shares during the period. Abel Hall LLC purchased a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 4th quarter valued at $78,000. Quad Cities Investment Group LLC purchased a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 2nd quarter valued at $84,000. Finally, Strategic Financial Concepts LLC purchased a new position in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the 1st quarter valued at $87,000.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Stock Performance

Shares of NYSE ETW traded down $0.14 during trading hours on Wednesday, hitting $8.40. 378,469 shares of the company traded hands, compared to its average volume of 263,235. The company’s 50 day moving average price is $8.26 and its 200 day moving average price is $8.06. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund has a 12 month low of $6.96 and a 12 month high of $8.55.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd will be given a dividend of $0.0664 per share. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $0.80 annualized dividend and a dividend yield of 9.49%. This is an increase from Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund’s previous monthly dividend of $0.07.

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

Eaton Vance Tax-Managed Global Buy-Write Opportunities 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 public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.