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

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 165,982 shares, a growth of 121.3% from the September 30th total of 74,992 shares. Based on an average daily trading volume, of 277,283 shares, the days-to-cover ratio is presently 0.6 days.

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund Price Performance

ETW traded down $0.23 on Friday, hitting $9.33. 240,006 shares of the company were exchanged, compared to its average volume of 309,838. The firm has a fifty day simple moving average of $9.60 and a two-hundred day simple moving average of $9.42. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund has a 12 month low of $8.46 and a 12 month high of $9.95.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 15th were paid a dividend of $0.0664 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend was Thursday, October 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Park Avenue Securities LLC bought a new stake in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 3rd quarter worth $1,991,000. Shaker Financial Services LLC purchased a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the third quarter valued at about $1,591,000. D.A. Davidson & CO. bought a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the third quarter valued at about $940,000. Oppenheimer & Co. Inc. bought a new position in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund during the third quarter valued at about $582,000. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 133.3% during the first quarter. Kestra Advisory Services LLC now owns 104,364 shares of the company’s stock worth $916,000 after purchasing an additional 59,630 shares during the period.

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 investment company that seeks to provide current income and gains while managing the tax characteristics of its distributions. The fund is managed by Eaton Vance Management and invests primarily in a diversified portfolio of global equity securities.

To pursue its objectives, ETW uses a buy-write strategy, also known as a covered-call strategy. The fund generally writes call options on some of the stocks in its portfolio or on equity indexes, seeking to generate option premiums and supplement potential dividend income.