Eaton Vance Municipal Income Trust (NYSE:EVN) Short Interest Update

Eaton Vance Municipal Income Trust (NYSE:EVN) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 93,022 shares, an increase of 133.4% from the April 30th total of 39,857 shares. Based on an average trading volume of 99,133 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co bought a new position in shares of Eaton Vance Municipal Income Trust in the 4th quarter valued at about $54,000. First Trust Advisors LP bought a new position in shares of Eaton Vance Municipal Income Trust in the 1st quarter valued at about $105,000. Glen Eagle Advisors LLC bought a new position in shares of Eaton Vance Municipal Income Trust in the 4th quarter valued at about $111,000. Belpointe Asset Management LLC bought a new position in shares of Eaton Vance Municipal Income Trust in the 3rd quarter valued at about $138,000. Finally, &PARTNERS bought a new position in shares of Eaton Vance Municipal Income Trust in the 4th quarter valued at about $142,000.

Eaton Vance Municipal Income Trust Stock Up 0.7%

NYSE:EVN traded up $0.07 during mid-day trading on Monday, reaching $10.82. 167,305 shares of the company were exchanged, compared to its average volume of 81,341. Eaton Vance Municipal Income Trust has a 12 month low of $10.09 and a 12 month high of $11.23. The company has a fifty day moving average of $10.53 and a 200 day moving average of $10.77.

Eaton Vance Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.0513 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a c) dividend on an annualized basis and a yield of 5.7%.

About Eaton Vance Municipal Income Trust

Eaton Vance Municipal Income Trust (NYSE: EVN) is a closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. The trust primarily invests in investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. By focusing on tax-exempt income, EVN aims to deliver attractive after-tax yields to individual and institutional investors.

The fund’s portfolio is diversified across sectors such as general obligation bonds, revenue bonds, essential service issuers and housing finance agencies.