Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Sees Significant Growth in Short Interest

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 118,200 shares, a growth of 137.3% from the June 30th total of 49,800 shares. Based on an average daily volume of 196,600 shares, the days-to-cover ratio is currently 0.6 days.

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

ETV traded up $0.03 during trading hours on Friday, hitting $13.35. 154,537 shares of the stock were exchanged, compared to its average volume of 219,839. The stock has a 50-day simple moving average of $13.37 and a 200-day simple moving average of $12.99. Eaton Vance Tax-Managed Buy-Write Opportunities Fund has a 12 month low of $11.05 and a 12 month high of $13.98.

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

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd will be paid a dividend of $0.0993 per share. The ex-dividend date is Tuesday, July 23rd. This is a boost from Eaton Vance Tax-Managed Buy-Write Opportunities Fund’s previous monthly dividend of $0.10. This represents a $1.19 annualized dividend and a yield of 8.93%.

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

Several large investors have recently added to or reduced their stakes in ETV. Atria Wealth Solutions Inc. lifted its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 54.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 25,894 shares of the financial services provider’s stock valued at $319,000 after buying an additional 9,125 shares during the last quarter. Balanced Wealth Group LLC bought a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the fourth quarter valued at $5,228,000. Raymond James Financial Services Advisors Inc. lifted its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 3.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 691,886 shares of the financial services provider’s stock valued at $8,946,000 after buying an additional 23,281 shares during the last quarter. Triumph Capital Management lifted its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 8.0% in the fourth quarter. Triumph Capital Management now owns 35,340 shares of the financial services provider’s stock valued at $436,000 after buying an additional 2,612 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund in the fourth quarter valued at $234,000.

About Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed 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 the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.