Eaton Vance California Municipal Income Trust (NYSE:CEV) Short Interest Down 20.7% in August

Key Points

• Eaton Vance California Municipal Income Trust (NYSE:CEV) experienced a **20.7% decline** in short interest during August, dropping from 17,400 shares to 13,800 shares.
• Institutional investors have significantly increased their positions, with **Osaic Holdings Inc. increasing its holdings by 400%**, now owning 10,000 shares valued at $97,000.
• The company announced a monthly dividend of **$0.05 per share**, which will be paid on September 24th, representing a **6.0% annualized yield** for investors of record as of September 12th.

Eaton Vance California Municipal Income Trust (NYSE:CEV - ) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 13,800 shares, a decline of 20.7% from the August 15th total of 17,400 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 47,600 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 47,600 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of Eaton Vance California Municipal Income Trust during the second quarter valued at $52,000. Osaic Holdings Inc. increased its holdings in Eaton Vance California Municipal Income Trust by 400.0% in the second quarter. Osaic Holdings Inc. now owns 10,000 shares of the company's stock valued at $97,000 after purchasing an additional 8,000 shares during the period. Landscape Capital Management L.L.C. bought a new position in Eaton Vance California Municipal Income Trust during the 1st quarter worth $126,000. Nomura Holdings Inc. acquired a new position in Eaton Vance California Municipal Income Trust during the 4th quarter worth about $151,000. Finally, Plancorp LLC bought a new stake in shares of Eaton Vance California Municipal Income Trust in the 1st quarter valued at about $200,000. Institutional investors and hedge funds own 35.88% of the company's stock.

Eaton Vance California Municipal Income Trust Price Performance

CEV stock traded up $0.03 during mid-day trading on Thursday, hitting $10.02. The stock had a trading volume of 44,316 shares, compared to its average volume of 38,266. The firm has a fifty day simple moving average of $9.58 and a 200 day simple moving average of $9.72. Eaton Vance California Municipal Income Trust has a 52 week low of $9.31 and a 52 week high of $10.93.

Eaton Vance California Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, September 12th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a c) annualized dividend and a dividend yield of 6.0%.

Eaton Vance California Municipal Income Trust Company Profile

Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors.

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