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

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 15,200 shares, a decrease of 86.2% from the January 31st total of 110,000 shares. Based on an average trading volume of 71,300 shares, the days-to-cover ratio is currently 0.2 days.

Eaton Vance Tax-Managed Buy-Write Income Fund Stock Up 1.2 %

NYSE:ETB traded up $0.18 during mid-day trading on Friday, reaching $14.59. 84,141 shares of the company were exchanged, compared to its average volume of 80,601. Eaton Vance Tax-Managed Buy-Write Income Fund has a 12 month low of $12.99 and a 12 month high of $15.35. The company has a fifty day moving average of $14.98 and a 200 day moving average of $14.66.

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

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.1058 dividend. This represents a $1.27 annualized dividend and a dividend yield of 8.70%. The ex-dividend date was Friday, February 14th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the 4th quarter valued at about $38,000. Princeton Global Asset Management LLC bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the 3rd quarter worth approximately $41,000. Compass Planning Associates Inc acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the fourth quarter valued at approximately $46,000. Allworth Financial LP increased its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 24.3% in the fourth quarter. Allworth Financial LP now owns 3,757 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 735 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 491.7% in the third quarter. JPMorgan Chase & Co. now owns 5,420 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 4,504 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.