Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Short Interest Update

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 54,397 shares, a drop of 48.5% from the April 30th total of 105,599 shares. Based on an average daily volume of 216,973 shares, the days-to-cover ratio is currently 0.3 days.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Trading Down 0.3%

Shares of ETW stock traded down $0.03 during midday trading on Monday, hitting $9.54. The company had a trading volume of 136,133 shares, compared to its average volume of 361,546. The company’s 50 day simple moving average is $9.19 and its 200 day simple moving average is $9.21. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund has a 52-week low of $8.28 and a 52-week high of $9.60.

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

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.0664 dividend. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date was Friday, May 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE grew its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 350.0% in the 3rd quarter. US Bancorp DE now owns 4,500 shares of the company’s stock valued at $41,000 after purchasing an additional 3,500 shares during the last quarter. CWM LLC purchased a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 4th quarter valued at approximately $46,000. Barrett & Company Inc. grew its stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 193.3% in the 4th quarter. Barrett & Company Inc. now owns 6,600 shares of the company’s stock valued at $62,000 after purchasing an additional 4,350 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 608.7% in the 4th quarter. CoreCap Advisors LLC now owns 8,150 shares of the company’s stock valued at $75,000 after buying an additional 7,000 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 3rd quarter valued at approximately $75,000.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Company Profile

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.