Eaton Vance Municipal Income Trust (NYSE:EVN) Short Interest Up 114.4% in August

Eaton Vance Municipal Income Trust (NYSE:EVN) saw a large increase in short interest in the month of 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. Based on an average daily trading volume, of 70,560 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

Several institutional investors have recently made changes to their positions in EVN. Sequoia Financial Advisors LLC acquired a new position in shares of Eaton Vance Municipal Income Trust during the second quarter valued at approximately $304,000. Integrated Wealth Concepts LLC acquired a new position in shares of Eaton Vance Municipal Income Trust in the 2nd quarter valued at $28,000. Meadowbrook Wealth Management LLC purchased a new position in Eaton Vance Municipal Income Trust during the second quarter worth about $502,000. NewEdge Advisors LLC boosted its position in shares of 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 worth $721,000 after purchasing an additional 7,867 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Eaton Vance Municipal Income Trust by 1.2% during the first quarter. Bank of America Corp DE now owns 343,201 shares of the investment management company’s stock worth $3,573,000 after buying an additional 4,171 shares during the period.

Eaton Vance Municipal Income Trust Stock Performance

Shares of NYSE EVN opened at $10.14 on Wednesday. The company has a 50 day simple moving average of $10.71 and a two-hundred day simple moving average of $10.72. Eaton Vance Municipal Income Trust has a 12 month low of $10.09 and a 12 month high of $11.26.

Eaton Vance Municipal Income Trust Dividend Announcement

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

Eaton Vance Municipal Income Trust Company Profile

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.