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 closed out or covered. As of May 15th, traders have sold 14,200 shares of EVN short. Learn More on Eaton Vance Municipal Income Trust's current short interest.

Eaton Vance Municipal Income Trust saw a increase in short interest in May. As of May 15th, there was short interest totaling 14,200 shares, an increase of 5.2% from the previous total of 13,500 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: Aimfinity Investment Corp. I (0.09%), American Realty Investors, Inc. (1.30%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Enbridge Inc. ($4.29 billion), T-Mobile US, Inc. ($4.17 billion), Charter Communications, Inc. ($3.07 billion), Occidental Petroleum Co. ($2.81 billion), Moderna, Inc. ($2.37 billion), Coinbase Global, Inc. ($2.27 billion), T. Rowe Price Group, Inc. ($1.98 billion), Verisk Analytics, Inc. ($1.94 billion), Extra Space Storage Inc. ($1.88 billion), and Xylem Inc. ($1.61 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 up $0.02 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 May, 15 2023.