Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Sees Large Growth in Short Interest

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 21,000 shares, an increase of 30.4% from the January 31st total of 16,100 shares. Based on an average trading volume of 176,100 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Eaton Vance Municipal Bond Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EIM. Raymond James Financial Inc. acquired a new position in shares of Eaton Vance Municipal Bond Fund in the fourth quarter worth about $6,305,000. Sit Investment Associates Inc. raised its holdings in Eaton Vance Municipal Bond Fund by 57.5% in the 4th quarter. Sit Investment Associates Inc. now owns 1,438,451 shares of the company’s stock worth $14,902,000 after purchasing an additional 524,967 shares during the period. Absolute Investment Advisers LLC purchased a new position in Eaton Vance Municipal Bond Fund during the fourth quarter worth approximately $2,456,000. Hennion & Walsh Asset Management Inc. grew its holdings in Eaton Vance Municipal Bond Fund by 33.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 914,996 shares of the company’s stock valued at $9,479,000 after purchasing an additional 229,877 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in shares of Eaton Vance Municipal Bond Fund in the third quarter valued at approximately $1,901,000.

Eaton Vance Municipal Bond Fund Trading Up 0.2 %

NYSEAMERICAN:EIM traded up $0.02 during trading hours on Wednesday, reaching $10.27. The company had a trading volume of 135,606 shares, compared to its average volume of 168,338. Eaton Vance Municipal Bond Fund has a 1-year low of $9.89 and a 1-year high of $10.93. The stock has a 50 day moving average price of $10.21.

Eaton Vance Municipal Bond Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.0508 per share. This represents a $0.61 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date is Friday, March 14th.

Eaton Vance Municipal Bond Fund Company Profile

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests primarily in high grade municipal obligations. The fund's investment portfolio primarily includes investments in companies operating in the transportation, water and sewer, and electric utilities sectors.