Eaton Vance Tax-Managed Buy-Write Opportunities Fund·Financial Services

Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE: ETV - Get Free Report) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 67,150 shares, an increase of 137.5% from the February 26th total of 28,278 shares. Based on an average daily volume of 183,311 shares,

Eaton Vance Tax-Managed Buy-Write Opportunity Fund (ETV) offers a compelling entry point with a -6.69% discount and an 8.14% yield. ETV's nearly 100% call overwrite strategy on S&P 500 and Nasdaq indexes supports consistent monthly distributions, with tax-advantaged long-term capital gains and ROC distribution characterizations. The fund's portfolio is concentrated in tech-heavy large caps, with top ten holdings accounting for nearly 50% of assets.

Eaton Vance Tax-Managed Buy-Write Oppty Fund (ETV) is rated a buy, trading at a 7.34% discount to NAV—its deepest in a decade. ETV offers an 8.1% yield, sustained by option premiums and net realized gains, with distributions supported by strong recent earnings. The fund's tech-heavy portfolio and reliance on net realized gains create vulnerability in downturns, but excess earnings provide payout stability.
Eaton Vance Tax-Managed Buy-Write Opportunities Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund also writes call options on one or more U.S. indices on a substantial portion of the value of its common stock portfolio. It benchmarks the performance of its portfolio against the S&P 500 Index, the CBOE S&P 500 BuyWrite Index, the NASDAQ-100 Index, and the CBOE NASDAQ-100 BuyWrite Index. Eaton Vance Tax-Managed Buy-Write Opportunities Fund was formed on June 30, 2005 and is domiciled in the United States.
Financial Services
Asset Management
2005-06-28
0.85
Market Peers





