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

Eaton Vance Municipal Income Trust (NYSE:EVN) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 70,600 shares, a growth of 34.0% from the October 31st total of 52,700 shares. Based on an average trading volume of 103,700 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Eaton Vance Municipal Income Trust

Institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC boosted its stake in shares of Eaton Vance Municipal Income Trust by 66.2% during the first quarter. Cetera Advisors LLC now owns 18,894 shares of the investment management company’s stock valued at $194,000 after purchasing an additional 7,528 shares during the period. Lynx Investment Advisory bought a new stake in Eaton Vance Municipal Income Trust during the 2nd quarter valued at $81,000. Integrated Capital Management Inc. boosted its position in Eaton Vance Municipal Income Trust by 10.8% during the 2nd quarter. Integrated Capital Management Inc. now owns 18,323 shares of the investment management company’s stock valued at $190,000 after buying an additional 1,786 shares during the period. InTrack Investment Management Inc grew its holdings in Eaton Vance Municipal Income Trust by 76.4% in the 2nd quarter. InTrack Investment Management Inc now owns 94,013 shares of the investment management company’s stock worth $973,000 after acquiring an additional 40,712 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in shares of Eaton Vance Municipal Income Trust in the second quarter valued at about $328,000.

Eaton Vance Municipal Income Trust Stock Performance

Shares of EVN opened at $10.79 on Monday. Eaton Vance Municipal Income Trust has a fifty-two week low of $9.49 and a fifty-two week high of $11.31. The firm has a 50 day moving average price of $10.69 and a 200-day moving average price of $10.57.

Eaton Vance Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 11th were paid a $0.0513 dividend. This represents a $0.62 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend was Friday, November 8th.

About Eaton Vance Municipal Income Trust

Eaton Vance Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home.