Eaton Vance Municipal Income Trust (NYSE:EVN) Short Interest Up 60.8% in May

Eaton Vance Municipal Income Trust (NYSE:EVN - Get Free Report) saw 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. Currently, 0.6% of the company's stock are sold short. Based on an average daily volume of 94,300 shares, the short-interest ratio is presently 2.3 days.

Insider Buying and Selling at Eaton Vance Municipal Income Trust

In related news, insider Cynthia Frost sold 15,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $10.65, for a total value of $159,750.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Institutional Trading of Eaton Vance Municipal Income Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dagco Inc. purchased a new stake in Eaton Vance Municipal Income Trust during the first quarter worth approximately $25,000. PNC Financial Services Group Inc. boosted its holdings in Eaton Vance Municipal Income Trust by 33.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,613 shares of the investment management company's stock valued at $109,000 after purchasing an additional 2,672 shares in the last quarter. Walleye Capital LLC acquired a new position in Eaton Vance Municipal Income Trust during the fourth quarter worth $114,000. Ackerman Capital Advisors LLC acquired a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter worth $142,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Eaton Vance Municipal Income Trust in the fourth quarter valued at about $150,000.

Eaton Vance Municipal Income Trust Stock Performance

EVN traded down $0.02 during midday trading on Monday, hitting $10.23. 36,548 shares of the company traded hands, compared to its average volume of 100,306. Eaton Vance Municipal Income Trust has a 52-week low of $9.59 and a 52-week high of $11.31. The business has a 50 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 declared a monthly dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.0513 per share. The ex-dividend date was Tuesday, May 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 6.02%.

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.