Eaton Vance Municipal Income Trust (NYSE:EVN) Stock Short Interest Report for September

Eaton Vance Municipal Income Trust (NYSE:EVN) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 107,297 shares, a decrease of 42.1% from the September 15th total of 185,421 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 163,556 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

Institutional investors have recently bought and sold shares of the stock. Meadowbrook Wealth Management LLC bought a new stake in shares of Eaton Vance Municipal Income Trust during the 2nd quarter valued at $502,000. Sequoia Financial Advisors LLC purchased a new position in Eaton Vance Municipal Income Trust during the 2nd quarter valued at approximately $304,000. First Trust Advisors LP bought a new position in Eaton Vance Municipal Income Trust during the first quarter valued at $105,000. Janney Montgomery Scott LLC increased its stake in Eaton Vance Municipal Income Trust by 3.5% during the first quarter. Janney Montgomery Scott LLC now owns 247,167 shares of the investment management company’s stock worth $2,573,000 after acquiring an additional 8,357 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Eaton Vance Municipal Income Trust by 12.8% during the 1st quarter. NewEdge Advisors LLC now owns 69,298 shares of the investment management company’s stock valued at $721,000 after buying an additional 7,867 shares during the period.

Eaton Vance Municipal Income Trust Price Performance

EVN traded up $0.11 during trading on Thursday, reaching $9.49. The stock had a trading volume of 107,126 shares, compared to its average volume of 93,064. Eaton Vance Municipal Income Trust has a one year low of $9.00 and a one year high of $11.26. The stock’s 50 day moving average is $10.20 and its two-hundred day moving average is $10.54.

Eaton Vance Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, October 26th. Shareholders of record on Wednesday, October 14th will be paid a dividend of $0.0513 per share. The ex-dividend date is Wednesday, October 14th. This represents a $0.62 dividend on an annualized basis and a yield of 6.5%.

About Eaton Vance Municipal Income Trust

Eaton Vance Municipal Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol EVN. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal obligations issued by states, municipalities and other public authorities.

The trust invests in a diversified portfolio of tax-exempt municipal bonds and related securities. These investments may finance public infrastructure and services, including schools, transportation systems, utilities, health care facilities and other projects.