Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) Short Interest Down 39.0% in April

Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE:ETB) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 32,027 shares, a decline of 39.0% from the April 15th total of 52,526 shares. Based on an average daily volume of 61,173 shares, the days-to-cover ratio is currently 0.5 days.

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

A number of institutional investors have recently added to or reduced their stakes in ETB. Newbridge Financial Services Group Inc. acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the second quarter worth $25,000. Kestra Advisory Services LLC acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the fourth quarter worth $86,000. Gould Capital LLC increased its holdings in Eaton Vance Tax-Managed Buy-Write Income Fund by 16.9% during the second quarter. Gould Capital LLC now owns 7,426 shares of the financial services provider’s stock worth $107,000 after buying an additional 1,073 shares during the last quarter. Modern Wealth Management LLC acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the third quarter worth $151,000. Finally, Goldman Sachs Group Inc. acquired a new position in Eaton Vance Tax-Managed Buy-Write Income Fund during the fourth quarter worth $154,000.

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

Shares of ETB stock traded down $0.06 during trading on Tuesday, reaching $15.10. The company’s stock had a trading volume of 26,728 shares, compared to its average volume of 54,754. The business has a fifty day moving average price of $14.99 and a 200-day moving average price of $15.16. Eaton Vance Tax-Managed Buy-Write Income Fund has a one year low of $13.58 and a one year high of $15.60.

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

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $0.1058 per share. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Friday, May 15th.

About Eaton Vance Tax-Managed Buy-Write Income Fund

The Eaton Vance Tax-Managed Buy-Write Income Fund (NYSE: ETB) is a closed-end management investment company that seeks to provide a high level of after-tax total return. The fund primarily invests in a portfolio of U.S. common stocks, focusing on large-capitalization companies with established dividend records. To enhance income and manage risk, ETB employs a covered call, or “buy-write,” strategy, writing call options on selected equity holdings to generate premium income.

Under its tax-managed approach, the fund aims to reduce the tax impact of distributions by employing option overlay techniques alongside traditional equity selection.