Short Interest in Eaton Vance Municipal Income Trust (NYSE:EVN) Expands By 34.6%

Eaton Vance Municipal Income Trust (NYSE:EVN - Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 163,000 shares, an increase of 34.6% from the March 31st total of 121,100 shares. Based on an average trading volume of 97,900 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.4% of the shares of the company are short sold.

Eaton Vance Municipal Income Trust Stock Performance

EVN traded up $0.10 during trading on Friday, reaching $10.33. 99,198 shares of the company's stock were exchanged, compared to its average volume of 101,992. Eaton Vance Municipal Income Trust has a 1 year low of $9.59 and a 1 year high of $11.31. The company's fifty day simple moving average is $10.27 and its 200-day simple moving average is $10.37.

Eaton Vance Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be issued a dividend of $0.0513 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.62 annualized dividend and a dividend yield of 5.96%.

Insiders Place Their Bets

In other news, insider Cynthia Frost sold 15,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $10.65, for a total value of $159,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

Several hedge funds have recently added to or reduced their stakes in EVN. Moloney Securities Asset Management LLC lifted its holdings in shares of Eaton Vance Municipal Income Trust by 4.2% in the 1st quarter. Moloney Securities Asset Management LLC now owns 145,866 shares of the investment management company's stock valued at $1,497,000 after buying an additional 5,924 shares during the period. Envestnet Asset Management Inc. boosted its position in Eaton Vance Municipal Income Trust by 2.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 111,351 shares of the investment management company's stock worth $1,142,000 after purchasing an additional 2,727 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Eaton Vance Municipal Income Trust during the 1st quarter worth approximately $1,758,000. Integrated Capital Management Inc. increased its holdings in shares of Eaton Vance Municipal Income Trust by 17.5% during the 1st quarter. Integrated Capital Management Inc. now owns 22,310 shares of the investment management company's stock valued at $229,000 after purchasing an additional 3,325 shares in the last quarter. Finally, Rothschild Investment LLC lifted its stake in shares of Eaton Vance Municipal Income Trust by 1.5% in the 1st quarter. Rothschild Investment LLC now owns 208,100 shares of the investment management company's stock valued at $2,135,000 after purchasing an additional 3,000 shares during the period.

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.

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