Shares of the Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE:ETW) declined by 0.2% during mid-day trading on Friday, reaching a low of $9.16 before closing at $9.2050. A total of 649,731 shares exchanged hands, marking a significant increase of 91% from the average session volume of 339,310 shares. This slight dip follows a previous closing price of $9.22.
Recent Performance and Moving Averages
The fund’s performance can be further assessed through its moving averages. The 50-day simple moving average is currently positioned at $9.09, while the 200-day simple moving average stands at $8.94. These averages provide insight into the fund’s price trends and potential future movements.
In conjunction with its stock activity, the Eaton Vance fund recently declared a monthly dividend, which was disbursed on December 31, 2023. Shareholders on record as of December 15, 2023, received a dividend payment of $0.0664 per share. The ex-dividend date was also set for December 15, reflecting the fund’s commitment to returning value to its investors. This dividend represents an annualized yield of 8.7%.
About the Fund
The Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund is a closed-end management investment company that aims to deliver a high level of current income while preserving capital and achieving capital appreciation. The fund primarily invests in a diversified portfolio of both U.S. and foreign equity securities. It employs a buy-write strategy, where call options are written on portions of its equity holdings to generate additional income and potentially reduce portfolio volatility.
The underlying investments of the fund span various sectors and geographic regions, including developed and emerging markets across North America, Europe, and Asia. This diversification strategy aims to enhance performance while managing risk, making the fund a compelling option for income-focused investors.
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