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

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 122,385 shares, a growth of 69.2% from the June 30th total of 72,347 shares. Based on an average trading volume of 206,334 shares, the days-to-cover ratio is currently 0.6 days.

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

A number of hedge funds have recently added to or reduced their stakes in ETW. 1607 Capital Partners LLC grew its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 262.3% in the fourth quarter. 1607 Capital Partners LLC now owns 1,452,913 shares of the company’s stock worth $13,396,000 after acquiring an additional 1,051,879 shares in the last quarter. Saba Capital Management L.P. raised its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 2,821.6% in the fourth quarter. Saba Capital Management L.P. now owns 438,995 shares of the company’s stock valued at $4,048,000 after acquiring an additional 423,969 shares in the last quarter. Wolverine Asset Management LLC raised its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 685.2% in the fourth quarter. Wolverine Asset Management LLC now owns 259,302 shares of the company’s stock valued at $2,391,000 after acquiring an additional 226,278 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 8.5% in the fourth quarter. Guggenheim Capital LLC now owns 2,296,545 shares of the company’s stock valued at $21,174,000 after purchasing an additional 180,608 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 41.2% in the second quarter. Ameriprise Financial Inc. now owns 464,182 shares of the company’s stock valued at $4,016,000 after purchasing an additional 135,448 shares during the period.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Stock Up 2.0%

NYSE ETW opened at $9.46 on Friday. The stock has a 50-day moving average of $9.46 and a two-hundred day moving average of $9.31. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund has a 1-year low of $8.46 and a 1-year high of $9.68.

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

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.0664 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.

About Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital and to achieve capital appreciation. The fund pursues its objectives by investing primarily in a diversified portfolio of U.S. and foreign equity securities, and by employing a buy-write strategy in which it writes (sells) call options on portions of its equity holdings. This option writing is designed to generate additional income and to potentially mitigate portfolio volatility.

The fund’s underlying equity investments span a broad range of sectors and geographic regions, including developed and emerging markets in North America, Europe, Asia and other regions.