Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Short Interest Update

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 78,135 shares, a growth of 51.6% from the August 31st total of 51,524 shares. Based on an average daily volume of 189,570 shares, the short-interest ratio is presently 0.4 days.

Insider Activity

In other news, insider Craig R. Brandon sold 87,567 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $9.12, for a total value of $798,611.04. Following the sale, the insider directly owned 1 shares of the company’s stock, valued at approximately $9.12. This represents a 100.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Robinson Capital Management LLC lifted its holdings in Eaton Vance Municipal Bond Fund by 0.6% during the 2nd quarter. Robinson Capital Management LLC now owns 1,041,484 shares of the company’s stock valued at $10,378,000 after purchasing an additional 6,246 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Eaton Vance Municipal Bond Fund during the second quarter worth $51,000. Baird Financial Group Inc. increased its holdings in shares of Eaton Vance Municipal Bond Fund by 131.6% in the second quarter. Baird Financial Group Inc. now owns 41,135 shares of the company’s stock valued at $410,000 after purchasing an additional 23,374 shares during the last quarter. Waverly Advisors LLC increased its holdings in shares of Eaton Vance Municipal Bond Fund by 12.0% in the second quarter. Waverly Advisors LLC now owns 24,950 shares of the company’s stock valued at $248,000 after purchasing an additional 2,671 shares during the last quarter. Finally, Readystate Asset Management LP bought a new position in shares of Eaton Vance Municipal Bond Fund in the second quarter valued at about $605,000.

Eaton Vance Municipal Bond Fund Trading Up 1.4%

Eaton Vance Municipal Bond Fund stock opened at $9.02 on Thursday. The stock has a 50-day simple moving average of $9.43 and a 200 day simple moving average of $9.68. Eaton Vance Municipal Bond Fund has a 52 week low of $8.64 and a 52 week high of $10.06.

Eaton Vance Municipal Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a $0.0508 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Tuesday, September 15th.

About Eaton Vance Municipal Bond Fund

Eaton Vance Municipal Bond Fund (NYSE American: EIM) is a closed-end investment fund managed by Eaton Vance Management, an investment management firm within Morgan Stanley Investment Management. The fund seeks to provide current income that is exempt from regular federal income tax.

The fund invests primarily in municipal obligations issued by states, municipalities, and other public entities in the United States. Its portfolio may include a range of tax-exempt securities with varying maturities, credit qualities, and structures, allowing the fund to pursue income while managing interest-rate and credit risk.

Eaton Vance Municipal Bond Fund was formerly known as Eaton Vance Municipal Income Trust.