Eaton Vance California Municipal Income Trust (NYSE:CEV) Short Interest Up 79.0% in May

Eaton Vance California Municipal Income Trust (NYSE:CEV - Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 14,500 shares, a growth of 79.0% from the May 15th total of 8,100 shares. Currently, 0.2% of the company's shares are sold short. Based on an average trading volume of 32,100 shares, the short-interest ratio is presently 0.5 days.

Eaton Vance California Municipal Income Trust Stock Performance

Shares of Eaton Vance California Municipal Income Trust stock traded up $0.01 on Wednesday, hitting $9.61. 4,302 shares of the company's stock traded hands, compared to its average volume of 31,039. The firm's 50-day moving average price is $9.65 and its two-hundred day moving average price is $10.00. Eaton Vance California Municipal Income Trust has a one year low of $9.31 and a one year high of $11.29.

Eaton Vance California Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 26th. Investors of record on Friday, June 13th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, June 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.25%.

Hedge Funds Weigh In On Eaton Vance California Municipal Income Trust

Several hedge funds have recently added to or reduced their stakes in CEV. Royal Bank of Canada increased its position in shares of Eaton Vance California Municipal Income Trust by 2.9% in the 1st quarter. Royal Bank of Canada now owns 57,933 shares of the company's stock valued at $581,000 after buying an additional 1,630 shares in the last quarter. Noble Wealth Management PBC acquired a new position in Eaton Vance California Municipal Income Trust in the fourth quarter valued at about $32,000. Wealthspire Advisors LLC raised its position in shares of Eaton Vance California Municipal Income Trust by 68.1% during the fourth quarter. Wealthspire Advisors LLC now owns 24,196 shares of the company's stock worth $243,000 after purchasing an additional 9,805 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of Eaton Vance California Municipal Income Trust during the 1st quarter valued at about $126,000. Finally, Nomura Holdings Inc. acquired a new position in shares of Eaton Vance California Municipal Income Trust in the 4th quarter valued at approximately $151,000. Institutional investors and hedge funds own 35.88% of the company's stock.

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.