Eaton Vance Municipal Income Trust (NYSE:EVN) Sees Large Increase in Short Interest

Eaton Vance Municipal Income Trust (NYSE:EVN) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 162,322 shares, an increase of 114.4% from the August 15th total of 75,709 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 70,560 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Trading of Eaton Vance Municipal Income Trust

A number of hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new stake in Eaton Vance Municipal Income Trust in the 2nd quarter worth about $304,000. Integrated Wealth Concepts LLC purchased a new stake in Eaton Vance Municipal Income Trust during the second quarter worth approximately $28,000. Meadowbrook Wealth Management LLC purchased a new stake in Eaton Vance Municipal Income Trust during the 2nd quarter worth $502,000. NewEdge Advisors LLC boosted its position in shares of Eaton Vance Municipal Income Trust by 12.8% in the first quarter. NewEdge Advisors LLC now owns 69,298 shares of the investment management company’s stock worth $721,000 after buying an additional 7,867 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Eaton Vance Municipal Income Trust by 1.2% in the 1st quarter. Bank of America Corp DE now owns 343,201 shares of the investment management company’s stock worth $3,573,000 after acquiring an additional 4,171 shares during the period.

Eaton Vance Municipal Income Trust Price Performance

NYSE EVN traded down $0.23 during trading hours on Tuesday, reaching $10.14. The company’s stock had a trading volume of 105,746 shares, compared to its average volume of 77,313. Eaton Vance Municipal Income Trust has a fifty-two week low of $10.09 and a fifty-two week high of $11.26. The company’s 50-day moving average is $10.73 and its two-hundred day moving average is $10.72.

Eaton Vance Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Monday, September 14th will be issued a dividend of $0.0513 per share. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Monday, September 14th.

About Eaton Vance Municipal Income Trust

Eaton Vance Municipal Income Trust (NYSE: EVN) is a closed-end investment fund that seeks to provide current income exempt from regular federal income tax. The trust invests primarily in municipal securities issued by states, municipalities, and other public authorities in the United States.

Its portfolio may include general obligation bonds, revenue bonds, and other tax-exempt municipal obligations. These securities can help finance public projects and essential services such as education, transportation, utilities, health care, and housing.