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Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV)

Financial Services | Asset Management | Boston, United States | NYSE
14.88 USD -0.17 (-1.130%) ⇩ (Oct. 14, 2026, 4 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★⯪☆
Hot Take ↕ | Oct. 10, 2026, 9:24 a.m. EDT

The most compelling feature here is the massive 7.95% yield, which acts as a powerful floor for income-focused investors. However, this high payout is not generated by a traditional business; the fund operates with a negative operating margin and a current ratio of just 0.04, indicating significant leverage and limited liquidity buffers typical of a 'buy-write' strategy. While the payout ratio sits at a manageable 47%, the underlying economics rely on selling options rather than organic growth, evidenced by the -6.1% revenue decline. The price history supports a neutral stance: despite a decade-long window showing a net loss of roughly 5.4%, the most recent annual period ended on a positive note (+1.73%), suggesting the strategy has stabilized recently rather than entering a deep structural decline. For the short term, the statistical forecast offers only a negligible 0.17% upside with moderate confidence, failing to provide a clear directional edge. Consequently, the asset serves best as a defensive income play for patients who understand the risks of option-selling strategies, rather than a vehicle for capital appreciation.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.031396
AutoTheta0.032524
MSTL0.033389
AutoETS0.034208

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 52%
H-stat 2.07
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 3.14
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-10-14
Last Dividend Date 2026-09-14
Revenue per Share 0.165
Market Cap 1,737,308,032
Trailing P/E 5.90
Beta 0.86
Profit Margins 1522.61%
Website https://funds.eatonvance.com/Tax-Managed-Buy-Write-Opportunities-Fund-ETV.php

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.66% 8.17% 8.63% 8.75%
Dividend History
Date Dividend Yield %
2026-09-15 0.099 0.658245
2026-08-14 0.099 0.658245
2026-07-15 0.099 0.657370
2026-06-15 0.099 0.664430
2026-05-15 0.099 0.690377
2026-04-15 0.099 0.683230
2026-03-16 0.099 0.698659
2026-02-17 0.099 0.681349
2026-01-15 0.099 0.683702
2025-12-15 0.099 0.698166
2025-11-14 0.099 0.694250
2025-10-15 0.099 0.698659
2025-09-15 0.099 0.699647
2025-08-15 0.099 0.715835
2025-07-15 0.099 0.722628
2025-06-16 0.099 0.734967
2025-05-15 0.099 0.738806
2025-04-15 0.099 0.790735
2025-03-14 0.099 0.741573
2025-02-14 0.099 0.681349
2025-01-15 0.099 0.693277
2024-12-23 0.099 0.691341
2024-11-21 0.099 0.697183
2024-10-23 0.099 0.717391
2024-09-20 0.099 0.724744
2024-08-22 0.099 0.748299
2024-07-23 0.099 0.724744
2024-06-21 0.099 0.748865
2024-05-23 0.099 0.768037
2024-04-22 0.099 0.790735
2024-03-20 0.095 0.726855
2024-02-21 0.095 0.743931
2024-01-22 0.095 0.765512
2023-12-21 0.095 0.766129
2023-11-21 0.095 0.774246
2023-10-20 0.095 0.824653
2023-09-21 0.095 0.781250
2023-08-21 0.095 0.743931
2023-07-21 0.095 0.726300
2023-06-21 0.095 0.756972
2023-05-19 0.095 0.773616
2023-04-21 0.095 0.761218
2023-03-21 0.095 0.746269
2023-02-21 0.095 0.732460
2023-01-23 0.095 0.741608
2022-12-22 0.095 0.767987
2022-11-22 0.095 0.706320
2022-10-21 0.111 0.819188
2022-09-22 0.111 0.785007
2022-08-23 0.111 0.740000
2022-07-21 0.111 0.750000
2022-06-22 0.111 0.840909
2022-05-23 0.111 0.804348
2022-04-21 0.111 0.739015
2022-03-23 0.111 0.704762
2022-02-17 0.111 0.724070
2022-01-21 0.111 0.719378
2021-12-22 0.111 0.671100
2021-11-22 0.111 0.670290
2021-10-21 0.111 0.669078
2021-09-22 0.111 0.683498
2021-08-23 0.111 0.666667
2021-07-22 0.111 0.673135
2021-06-22 0.111 0.682657
2021-05-20 0.111 0.685185
2021-04-22 0.111 0.696361
2021-03-23 0.111 0.719378
2021-02-18 0.111 0.727392
2021-01-21 0.111 0.732190
2020-12-23 0.111 0.722656
2020-11-20 0.111 0.756131
2020-10-22 0.111 0.792291
2020-09-22 0.111 0.785563
2020-08-21 0.111 0.762363
2020-07-23 0.111 0.788352
2020-06-22 0.111 0.779494
2020-05-21 0.111 0.816176
2020-04-22 0.111 0.844749
2020-03-23 0.111 1.277330
2020-02-20 0.111 0.730744
2020-01-23 0.111 0.731707
2019-12-23 0.111 0.740988
2019-11-21 0.111 0.748988
2019-10-23 0.111 0.734127
2019-09-20 0.111 0.756646
2019-08-22 0.111 0.748988
2019-07-23 0.111 0.719378
2019-06-20 0.111 0.751015
2019-05-23 0.111 0.774599
2019-04-22 0.111 0.715667
2019-03-20 0.111 0.750507
2019-02-20 0.111 0.744467
2019-01-23 0.111 0.775140
2018-12-21 0.111 0.865835
2018-11-21 0.111 0.766575
2018-10-23 0.111 0.729304
2018-09-20 0.111 0.689441
2018-08-23 0.111 0.686456
2018-07-23 0.111 0.703422
2018-06-21 0.111 0.713368
2018-05-23 0.111 0.720779
2018-04-20 0.111 0.742972
2018-03-21 0.111 0.718447
2018-02-20 0.111 0.729783
2018-01-23 0.111 0.713368
2017-12-21 0.111 0.721248
2017-11-21 0.111 0.733642
2017-10-23 0.111 0.734127
2017-09-21 0.111 0.729304
2017-08-22 0.111 0.730744
2017-07-20 0.111 0.716591
2017-06-21 0.111 0.731225
2017-05-22 0.111 0.713826
2017-04-19 0.111 0.720779
2017-03-22 0.111 0.728825
2017-02-16 0.111 0.729783
2017-01-20 0.111 0.735099
2016-12-21 0.111 0.733157
2016-11-21 0.111 0.744467
2016-10-20 0.111 0.754589
2016-09-21 0.111 0.740988
2016-08-22 0.111 0.742475
2016-07-20 0.111 0.748988
2016-06-21 0.111 0.763411
2016-05-20 0.111 0.749494
2016-04-20 0.111 0.739507
2016-03-22 0.111 0.757679
2016-02-18 0.111 0.788352
2016-01-20 0.111 0.842185
2015-12-21 0.111 0.739015
2015-11-19 0.111 0.727869
2015-10-21 0.111 0.750507
2015-09-21 0.111 0.769764
2015-08-20 0.111 0.739015
2015-07-22 0.111 0.724543
2015-06-19 0.111 0.732190
2015-05-20 0.111 0.718912
2015-04-21 0.111 0.744966
2015-03-20 0.111 0.740494
2015-02-18 0.111 0.759754
2015-01-21 0.111 0.780042
2014-12-22 0.111 0.737542
2014-11-19 0.111 0.740494
2014-10-22 0.111 0.765517
2014-09-19 0.111 0.720311
2014-08-20 0.111 0.727392
2014-07-22 0.111 0.749494
2014-06-19 0.111 0.744966
2014-05-21 0.111 0.754076
2014-04-21 0.111 0.777856
2014-03-20 0.111 0.781140
2014-02-19 0.111 0.787793
2014-01-22 0.111 0.786119
2013-12-20 0.111 0.795129
2013-11-20 0.111 0.824666
2013-10-22 0.111 0.825279
2013-09-19 0.111 0.835214
2013-08-21 0.111 0.847328
2013-07-22 0.111 0.836473
2013-06-19 0.111 0.843465
2013-05-22 0.111 0.820399
2013-04-19 0.111 0.861801
2013-03-19 0.111 0.858469
2013-02-19 0.111 0.851880
2013-01-22 0.111 0.858469
2012-12-20 0.332 2.647528
2012-09-19 0.332 2.542113
2012-06-20 0.332 2.699187
2012-03-21 0.332 2.567672
2011-12-21 0.332 2.886957
2011-09-21 0.332 2.988299
2011-06-21 0.332 2.637013
2011-03-22 0.332 2.614173
2010-12-21 0.332 2.608013
2010-09-21 0.400 2.926116
2010-06-21 0.400 2.890173
2010-03-22 0.400 2.793296
2009-12-22 0.475 3.110674
2009-09-21 0.475 3.248974
2009-06-19 0.475 3.806090
2009-03-20 0.475 4.769076
2008-12-22 0.475 4.611650
2008-09-19 0.475 3.550075
2008-06-19 0.475 2.825699
2008-03-19 0.475 3.037084
2007-12-20 0.475 2.948479
2007-09-19 0.475 2.605595
2007-06-20 0.475 2.366717
2007-03-21 0.475 2.364360
2006-12-20 0.475 2.373813
2006-09-20 0.475 2.498685
2006-06-21 0.475 2.670039
2006-03-22 0.475 2.514558
2005-12-19 0.475 2.700398
2005-09-21 0.475 2.383342
Additional Data
dividendYield 7.92
exDividendDate 2026-10-15
trailingAnnualDividendRate 1.192
trailingAnnualDividendYield 0.07920266
lastDividendValue 0.099
lastDividendDate 2026-09-15
dividendDate 2019-01-31

Info Dump

Attribute Value
52 Week Change 0.057569265
Address1 One Post Office Square
All Time High 20.83
All Time Low 6.89
Ask 15.55
Ask Size 300
Average Daily Volume10 Day 196,450
Average Daily Volume3 Month 163,703
Average Volume 163,703
Average Volume10Days 196,450
Beta 0.856
Bid 14.55
Bid Size 800
Book Value 15.815
City Boston
Country United States
Crypto Tradeable 0
Currency USD
Current Price 14.88
Current Ratio 0.04
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 15.02
Day Low 14.853
Display Name Eaton Vance Tax-Managed
Dividend Date 1,548,892,800
Dividend Yield 7.92
Earnings Growth 4.644
Earnings Quarterly Growth 4.644
Ebitda Margins 0.0
Enterprise To Revenue 89.978
Enterprise Value 1,737,277,440
Eps Trailing Twelve Months 2.52
Esg Populated 0
Ex Dividend Date 1,792,022,400
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 15.1386
Fifty Day Average Change -0.25860023
Fifty Day Average Change Percent -0.017082175
Fifty Two Week Change Percent 5.7569265
Fifty Two Week High 15.49
Fifty Two Week High Change -0.60999966
Fifty Two Week High Change Percent -0.039380223
Fifty Two Week Low 13.13
Fifty Two Week Low Change 1.75
Fifty Two Week Low Change Percent 0.13328256
Fifty Two Week Range 13.13 - 15.49
Financial Currency USD
First Trade Date Milliseconds 1,119,965,400,000
Five Year Avg Dividend Yield 8.8
Full Exchange Name NYSE
Fullday Change -0.069999695
Fullday Change Percent -0.46296096
Fullday Price 14.88
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 19,307,714
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.19337
Implied Shares Outstanding 116,754,569
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Language en-US
Last Dividend Date 1,789,430,400
Last Dividend Value 0.099
Last Fiscal Year End 1,767,139,200
Long Business Summary 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.
Long Name Eaton Vance Tax-Managed Buy-Write Opportunities Fund
Market us_market
Market Cap 1,737,308,032
Market State PRE
Max Age 86,400
Message Board Id finmb_21934596
Most Recent Quarter 1,782,777,600
Net Income To Common 293,980,864
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 1,793,350,164
Open 15.0
Operating Margins -0.03861
Payout Ratio 0.4729
Phone 617 482 8260
Previous Close 15.05
Price Hint 2
Price To Book 0.9408789
Price To Sales Trailing12 Months 89.979996
Profit Margins 15.22608
Quick Ratio 0.04
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.17
Regular Market Change Percent -1.12957
Regular Market Day High 15.02
Regular Market Day Low 14.853
Regular Market Day Range 14.853 - 15.02
Regular Market Open 15.0
Regular Market Previous Close 15.05
Regular Market Price 14.88
Regular Market Time 1,792,008,003
Regular Market Volume 134,905
Return On Assets -0.000089999994
Return On Equity 0.16618
Revenue Growth -0.061
Revenue Per Share 0.165
Sand P52 Week Change 0.1570785
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 116,754,568
Shares Percent Shares Out 0.0011999999
Shares Short 144,281
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 179,809
Short Name Eaton Vance Corporation Eaton V
Short Ratio 0.85
Source Interval 15
State MA
Symbol ETV
Total Cash 30,485
Total Cash Per Share 0.0
Total Debt 0
Total Revenue 19,307,714
Tradeable 0
Trailing Annual Dividend Rate 1.192
Trailing Annual Dividend Yield 0.07920266
Trailing Eps 2.52
Trailing P E 5.904762
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 14.68435
Two Hundred Day Average Change 0.1956501
Two Hundred Day Average Change Percent 0.013323715
Type Disp Equity
Volume 134,905
Website https://funds.eatonvance.com/Tax-Managed-Buy-Write-Opportunities-Fund-ETV.php
Zip 2,109