Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 34,046 shares, a decline of 76.4% from the September 30th total of 144,281 shares. Based on an average trading volume of 193,023 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On Eaton Vance Tax-Managed Buy-Write Opportunities Fund
Several institutional investors and hedge funds have recently modified their holdings of ETV. Bank of America Corp DE lifted its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.6% in the first quarter. Bank of America Corp DE now owns 719,814 shares of the financial services provider’s stock valued at $9,840,000 after buying an additional 18,451 shares in the last quarter. Balanced Wealth Group LLC increased its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 6.1% during the first quarter. Balanced Wealth Group LLC now owns 606,954 shares of the financial services provider’s stock worth $8,297,000 after acquiring an additional 34,974 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 181.9% during the first quarter. Cetera Investment Advisers now owns 340,066 shares of the financial services provider’s stock worth $4,649,000 after acquiring an additional 219,413 shares during the period. Thayer Partners LLC MA raised its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 2.1% during the first quarter. Thayer Partners LLC MA now owns 205,433 shares of the financial services provider’s stock worth $2,808,000 after acquiring an additional 4,189 shares during the period. Finally, Sharpepoint LLC raised its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 9.0% during the first quarter. Sharpepoint LLC now owns 199,934 shares of the financial services provider’s stock worth $2,733,000 after acquiring an additional 16,587 shares during the period.
Eaton Vance Tax-Managed Buy-Write Opportunities Fund Stock Up 0.3%
NYSE:ETV traded up $0.04 on Thursday, reaching $14.69. The company’s stock had a trading volume of 150,608 shares, compared to its average volume of 180,120. Eaton Vance Tax-Managed Buy-Write Opportunities Fund has a 1-year low of $13.13 and a 1-year high of $15.49. The business’s 50-day moving average price is $15.04 and its two-hundred day moving average price is $14.69.
Eaton Vance Tax-Managed Buy-Write Opportunities Fund Announces Dividend
About Eaton Vance Tax-Managed Buy-Write Opportunities Fund
Eaton Vance Tax-Managed Buy-Write Opportunities Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol ETV. The fund is managed by Eaton Vance Management, an investment-management subsidiary of Morgan Stanley Investment Management.
ETV seeks to provide current income and gains while managing the tax consequences of its investment strategy. It generally invests in a diversified portfolio of equity securities, with an emphasis on large-capitalization companies, and uses a buy-write strategy by writing call options on selected securities or broad market indexes.
The fund’s option-writing activities are intended to generate premium income and may help manage portfolio risk, although they can also limit some of the portfolio’s potential upside.
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