Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) Stock Short Interest Drops 73.8%

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV) was the recipient of a large decline in short interest in October. As of October 30th, there was short interest totaling 8,933 shares, a decline of 73.8% from the October 15th total of 34,046 shares. Based on an average daily volume of 137,967 shares, the days-to-cover ratio is presently 0.1 days.

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

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 8.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,673 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 820 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 0.9% in the 3rd quarter. Park Avenue Securities LLC now owns 148,330 shares of the financial services provider’s stock worth $2,213,000 after purchasing an additional 1,365 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 11.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 13,058 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 1,373 shares in the last quarter. Triumph Capital Management boosted its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 6.5% in the 2nd quarter. Triumph Capital Management now owns 25,046 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Eaton Vance Tax-Managed Buy-Write Opportunities Fund by 0.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 265,136 shares of the financial services provider’s stock worth $3,956,000 after purchasing an additional 2,129 shares in the last quarter.

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

Eaton Vance Tax-Managed Buy-Write Opportunities Fund stock opened at $14.53 on Thursday. The stock’s 50 day moving average is $14.88 and its 200 day moving average is $14.69. Eaton Vance Tax-Managed Buy-Write Opportunities Fund has a twelve month low of $13.13 and a twelve month high of $15.49.

Eaton Vance Tax-Managed Buy-Write Opportunities Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a $0.1129 dividend. This represents a $1.35 annualized dividend and a yield of 9.3%. This is a positive change from Eaton Vance Tax-Managed Buy-Write Opportunities Fund’s previous monthly dividend of $0.0993. The ex-dividend date of this dividend is Monday, November 16th.

About Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV) is a closed-end investment fund managed by Eaton Vance Management, an investment-management subsidiary of Morgan Stanley. The fund seeks to provide current income and gains while pursuing tax-managed investment results through a portfolio of equity securities and an options-based strategy. ETV primarily invests in a diversified selection of U.S. and, to a lesser extent, international common stocks. It supplements its equity holdings by writing, or selling, call options on individual securities and broad-based stock indexes.