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

Eaton Vance Municipal Income Trust (NYSE:EVN) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 59,800 shares, an increase of 27.2% from the March 31st total of 47,000 shares. Based on an average daily volume of 92,600 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Eaton Vance Municipal Income Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its stake in shares of Eaton Vance Municipal Income Trust by 2.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 120,038 shares of the investment management company’s stock worth $1,070,000 after acquiring an additional 3,155 shares in the last quarter. Goodwin Daniel L grew its holdings in shares of Eaton Vance Municipal Income Trust by 5.6% in the third quarter. Goodwin Daniel L now owns 85,300 shares of the investment management company’s stock valued at $760,000 after acquiring an additional 4,500 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Eaton Vance Municipal Income Trust by 83.5% during the third quarter. Chicago Partners Investment Group LLC now owns 18,784 shares of the investment management company’s stock valued at $163,000 after acquiring an additional 8,550 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in Eaton Vance Municipal Income Trust by 6.1% during the third quarter. Park Avenue Securities LLC now owns 93,174 shares of the investment management company’s stock worth $830,000 after acquiring an additional 5,379 shares during the period. Finally, XML Financial LLC boosted its position in Eaton Vance Municipal Income Trust by 58.7% in the third quarter. XML Financial LLC now owns 36,500 shares of the investment management company’s stock worth $325,000 after purchasing an additional 13,500 shares during the last quarter.

Eaton Vance Municipal Income Trust Trading Down 0.1 %

Shares of NYSE EVN opened at $9.83 on Tuesday. The company has a 50-day moving average price of $10.11 and a 200-day moving average price of $9.81. Eaton Vance Municipal Income Trust has a 1 year low of $8.64 and a 1 year high of $10.45.

Eaton Vance Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 11th were given a $0.0461 dividend. The ex-dividend date was Wednesday, April 10th. This represents a $0.55 annualized dividend and a yield of 5.63%.

Eaton Vance Municipal Income Trust Company Profile

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.