Short Interest in Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) Expands By 184.3%

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 145,000 shares, an increase of 184.3% from the September 15th total of 51,000 shares. Based on an average daily volume of 193,800 shares, the days-to-cover ratio is presently 0.7 days.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund by 216.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,922 shares of the company’s stock worth $30,000 after buying an additional 2,000 shares during the period. Kestra Private Wealth Services LLC purchased a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 2nd quarter worth $122,000. Alpha Cubed Investments LLC purchased a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 2nd quarter worth $135,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 1st quarter worth $142,000. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund in the 1st quarter worth $151,000.

Shares of NYSE ETW traded up $0.13 during trading hours on Thursday, hitting $11.13. 505 shares of the company traded hands, compared to its average volume of 280,633. The company’s 50 day moving average price is $11.08 and its 200 day moving average price is $10.94. Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund has a 12 month low of $8.06 and a 12 month high of $11.37.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 29th. Investors of record on Friday, October 22nd will be issued a dividend of $0.073 per share. The ex-dividend date is Thursday, October 21st. This represents a $0.88 dividend on an annualized basis and a yield of 7.87%. This is a boost from Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund’s previous monthly dividend of $0.07.

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

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund is a closed-end management investment company with objective of providing current income and gains, with a secondary objective of capital appreciation. It invests in a diversified portfolio of common stocks and writes call options on one or more United States and foreign indices on a substantial portion of the value of its common stock portfolio to generate current earnings from the option premium.

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