Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Sees Large Growth in Short Interest

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 73,534 shares, a growth of 90.8% from the June 30th total of 38,530 shares. Based on an average daily volume of 127,150 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rivernorth Capital Management LLC increased its position in Eaton Vance Municipal Bond Fund by 187.8% in the fourth quarter. Rivernorth Capital Management LLC now owns 1,590,563 shares of the company’s stock worth $15,476,000 after purchasing an additional 1,037,886 shares during the last quarter. Fiera Capital Corp purchased a new stake in Eaton Vance Municipal Bond Fund during the fourth quarter valued at $2,861,000. Rareview Capital LLC bought a new position in Eaton Vance Municipal Bond Fund during the first quarter valued at $2,483,000. Advisors Asset Management Inc. lifted its position in Eaton Vance Municipal Bond Fund by 31.3% during the fourth quarter. Advisors Asset Management Inc. now owns 758,114 shares of the company’s stock valued at $7,376,000 after purchasing an additional 180,772 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Eaton Vance Municipal Bond Fund in the 4th quarter worth $883,000.

Eaton Vance Municipal Bond Fund Trading Up 0.1%

NYSEAMERICAN:EIM opened at $9.61 on Thursday. The business’s 50-day moving average is $9.81 and its 200 day moving average is $9.85. Eaton Vance Municipal Bond Fund has a 12 month low of $9.48 and a 12 month high of $10.54.

Eaton Vance Municipal Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.0508 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 6.3%.

Eaton Vance Municipal Bond Fund Company Profile

The Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) is a closed-end management investment company that seeks to provide shareholders with high current income exempt from regular United States federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by state and local governments and their agencies. It may also hold tender option bonds and other municipal derivatives to help manage duration and enhance yield.

Managed by Eaton Vance Management, a leading asset management firm with a history dating back to 1924, the fund leverages the firm’s experience in fixed-income investing.