Eaton Vance Municipal Income Trust (NYSE:EVN) Stock Short Interest Drops 42.1%

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

Eaton Vance Municipal Income Trust Stock Up 0.9%

EVN stock traded up $0.09 during trading on Friday, reaching $9.60. 106,777 shares of the stock were exchanged, compared to its average volume of 232,147. Eaton Vance Municipal Income Trust has a twelve month low of $9.00 and a twelve month high of $11.26. The firm’s 50 day moving average is $10.16 and its 200 day moving average is $10.53.

Eaton Vance Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 26th. Shareholders of record on Wednesday, October 14th will be paid a $0.0513 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Wednesday, October 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in shares of Eaton Vance Municipal Income Trust in the second quarter valued at approximately $28,000. First Trust Advisors LP purchased a new stake in Eaton Vance Municipal Income Trust during the first quarter worth about $105,000. Sequoia Financial Advisors LLC bought a new stake in shares of Eaton Vance Municipal Income Trust in the 2nd quarter worth approximately $304,000. World Investment Advisors raised its holdings in shares of Eaton Vance Municipal Income Trust by 6.4% in the 4th quarter. World Investment Advisors now owns 36,579 shares of the investment management company’s stock worth $394,000 after purchasing an additional 2,196 shares during the period. Finally, Meadowbrook Wealth Management LLC raised its holdings in shares of Eaton Vance Municipal Income Trust by 11.5% in the 3rd quarter. Meadowbrook Wealth Management LLC now owns 49,947 shares of the investment management company’s stock worth $462,000 after purchasing an additional 5,141 shares during the period.

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.