Short Interest in Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Grows By 31.6%

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 17,900 shares, a growth of 31.6% from the February 28th total of 13,600 shares. Based on an average daily volume of 76,800 shares, the days-to-cover ratio is currently 0.2 days.

Eaton Vance Tax-Managed Buy-Write Income Fund Stock Down 0.3 %

NYSE:ETB traded down $0.04 on Monday, reaching $13.66. 142,315 shares of the stock traded hands, compared to its average volume of 61,693. 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’s fifty day simple moving average is $14.51 and its 200 day simple moving average is $14.65.

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

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.1058 per share. This represents a $1.27 annualized dividend and a dividend yield of 9.30%. The ex-dividend date is Friday, March 14th.

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

Hedge funds have recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund in the 4th quarter worth $38,000. Compass Planning Associates Inc purchased a new stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund during the fourth quarter valued at $46,000. Allworth Financial LP increased its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 24.3% in the 4th quarter. Allworth Financial LP now owns 3,757 shares of the financial services provider’s stock worth $57,000 after buying an additional 735 shares in the last quarter. JPMorgan Chase & Co. raised its position in Eaton Vance Tax-Managed Buy-Write Income Fund by 491.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,420 shares of the financial services provider’s stock worth $78,000 after buying an additional 4,504 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the 4th quarter valued at about $173,000.

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.