Eaton Vance Municipal Income Trust (NYSE:EVN) Short Interest Update

Key Points

• Eaton Vance Municipal Income Trust experienced a significant increase in short interest, rising 61.5% in July to 279,800 shares as of July 31st.
• The firm declared a monthly dividend of $0.0513, which has an annual yield of 6.0% and will be paid on August 25th.
• Several institutional investors, including Raymond James and Bank of America, have increased their holdings in Eaton Vance Municipal Income Trust during the second quarter.

Eaton Vance Municipal Income Trust (NYSE:EVN - Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 279,800 shares, agrowthof61.5% from the July 15th total of 173,200 shares. Based on an average daily trading volume, of 78,100 shares, the days-to-cover ratio is currently 3.6 days. Currently,0.7% of the company's shares are sold short. Currently,0.7% of the company's shares are sold short. Based on an average daily trading volume, of 78,100 shares, the days-to-cover ratio is currently 3.6 days.

Eaton Vance Municipal Income Trust Stock Performance

Shares of Eaton Vance Municipal Income Trust stock traded up $0.0950 during trading on Friday, hitting $10.4450. The stock had a trading volume of 81,741 shares, compared to its average volume of 101,092. The stock has a 50 day simple moving average of $10.40 and a 200 day simple moving average of $10.35. Eaton Vance Municipal Income Trust has a 1 year low of $9.59 and a 1 year high of $11.31.

Eaton Vance Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.0513 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Wednesday, August 13th.

Institutional Trading of Eaton Vance Municipal Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its position in Eaton Vance Municipal Income Trust by 4.6% during the fourth quarter. Bank of America Corp DE now owns 254,071 shares of the investment management company's stock valued at $2,569,000 after buying an additional 11,080 shares during the period. Leigh Baldwin & CO. LLC purchased a new position in Eaton Vance Municipal Income Trust during the 4th quarter valued at about $265,000. Cetera Investment Advisers increased its holdings in shares of Eaton Vance Municipal Income Trust by 76.9% in the 4th quarter. Cetera Investment Advisers now owns 148,930 shares of the investment management company's stock valued at $1,506,000 after purchasing an additional 64,733 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in Eaton Vance Municipal Income Trust in the 1st quarter valued at approximately $1,758,000. Finally, Nomura Holdings Inc. acquired a new position in shares of Eaton Vance Municipal Income Trust in the fourth quarter worth $263,000.

Eaton Vance Municipal Income Trust Company Profile

Eaton Vance 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 investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home.