Eaton Vance Municipal Income Trust (EVN) Short Interest Ratio & Short Volume

Short interest is the volume of Eaton Vance Municipal Income Trust shares that have been sold short but have not yet been covered or closed out. As of March 31st, traders have sold 47,000 shares of EVN short. Learn More on Eaton Vance Municipal Income Trust's current short interest.

Eaton Vance Municipal Income Trust saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 47,000 shares, a decrease of 18.3% from the previous total of 57,500 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the sector of "finance" compare to Eaton Vance Municipal Income Trust: Bain Capital Specialty Finance, Inc. (0.19%), Banco BBVA Argentina S.A. (1.03%), Burford Capital Limited (0.58%), Grupo Financiero Galicia S.A. (2.52%), Grupo Supervielle S.A. (0.61%), Itaú Unibanco Holding S.A. (0.43%), Northeast Bank (1.10%), Pioneer Bancorp, Inc. (0.32%), Summit State Bank (0.18%).

As of the most recent reporting period, the following stocks had the largest short interest positions: TC Energy Co. ($4.49 billion), T-Mobile US, Inc. ($3.94 billion), General Motors ($3.34 billion), Charter Communications, Inc. ($3.32 billion), Occidental Petroleum Co. ($3.21 billion), Super Micro Computer, Inc. ($3.13 billion), Coinbase Global, Inc. ($3.08 billion), Moderna, Inc. ($2.28 billion), Tractor Supply ($2.24 billion), and Royal Caribbean Cruises Ltd. ($2.14 billion). View all of the most shorted stocks.

Short selling EVN is an investing strategy that aims to generate trading profit from Eaton Vance Municipal Income Trust as its price is falling. EVN shares are trading down $0.01 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Eaton Vance Municipal Income Trust occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of EVN, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including EVN, twice per month. The most recent reporting period available is March, 31 2024.