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

Eaton Vance Municipal Income Trust (NYSE:EVN - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 219,000 shares, a growth of 60.8% from the April 30th total of 136,200 shares. Based on an average daily volume of 94,300 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.6% of the company's stock are short sold.

Eaton Vance Municipal Income Trust Price Performance

Shares of NYSE:EVN remained flat at $10.24 during trading on Wednesday. The company's stock had a trading volume of 27,589 shares, compared to its average volume of 99,920. Eaton Vance Municipal Income Trust has a 52-week low of $9.59 and a 52-week high of $11.31. The firm has a fifty day simple moving average of $10.16 and a two-hundred day simple moving average of $10.32.

Eaton Vance Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, June 26th. Investors of record on Friday, June 13th will be issued a dividend of $0.0513 per share. The ex-dividend date is Friday, June 13th. This represents a $0.62 dividend on an annualized basis and a yield of 6.01%.

Institutional Trading of Eaton Vance Municipal Income Trust

A number of large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in shares of Eaton Vance Municipal Income Trust by 30.6% in the 4th quarter. Van ECK Associates Corp now owns 296,961 shares of the investment management company's stock valued at $3,002,000 after purchasing an additional 69,652 shares during the period. Noble Wealth Management PBC acquired a new position in Eaton Vance Municipal Income Trust during the fourth quarter worth approximately $519,000. Raymond James Financial Inc. bought a new stake in Eaton Vance Municipal Income Trust in the fourth quarter valued at approximately $6,817,000. LPL Financial LLC lifted its position in shares of Eaton Vance Municipal Income Trust by 2.3% in the fourth quarter. LPL Financial LLC now owns 151,880 shares of the investment management company's stock valued at $1,536,000 after buying an additional 3,477 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Eaton Vance Municipal Income Trust by 76.9% during the 4th quarter. Cetera Investment Advisers now owns 148,930 shares of the investment management company's stock worth $1,506,000 after acquiring an additional 64,733 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.