Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Sees Significant Drop in Short Interest

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 7,000 shares, a decline of 91.4% from the February 29th total of 81,100 shares. Based on an average trading volume of 71,400 shares, the short-interest ratio is presently 0.1 days.

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

A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 5.1% in the 2nd quarter. Wells Fargo & Company MN now owns 722,641 shares of the financial services provider’s stock valued at $10,861,000 after acquiring an additional 35,188 shares during the period. UBS Group AG raised its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 5.5% in the 1st quarter. UBS Group AG now owns 585,118 shares of the financial services provider’s stock valued at $9,888,000 after acquiring an additional 30,479 shares during the period. Cornerstone Advisors LLC raised its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 53.6% in the 4th quarter. Cornerstone Advisors LLC now owns 486,858 shares of the financial services provider’s stock valued at $6,319,000 after acquiring an additional 169,823 shares during the period. 1607 Capital Partners LLC raised its stake in shares of Eaton Vance Tax-Managed Buy-Write Income Fund by 77.9% in the 4th quarter. 1607 Capital Partners LLC now owns 473,593 shares of the financial services provider’s stock valued at $6,147,000 after acquiring an additional 207,370 shares during the period. Finally, Invesco Ltd. increased its stake in Eaton Vance Tax-Managed Buy-Write Income Fund by 16.1% during the 3rd quarter. Invesco Ltd. now owns 326,996 shares of the financial services provider’s stock worth $4,123,000 after buying an additional 45,450 shares during the period.

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

Shares of NYSE ETB traded up $0.01 during midday trading on Thursday, reaching $13.65. 43,573 shares of the stock were exchanged, compared to its average volume of 68,949. Eaton Vance Tax-Managed Buy-Write Income Fund has a 52-week low of $11.59 and a 52-week high of $14.08. The stock has a 50 day moving average price of $13.38 and a 200-day moving average price of $12.96.

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

The business also recently announced a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 21st will be issued a $0.0932 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $1.12 dividend on an annualized basis and a yield of 8.19%.

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.