Short Interest in Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Rises By 88.6%

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM – Get Rating) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 28,100 shares, a growth of 88.6% from the March 15th total of 14,900 shares. Based on an average daily volume of 208,900 shares, the short-interest ratio is currently 0.1 days.

Shares of NYSEAMERICAN EIM opened at $10.97 on Friday. Eaton Vance Municipal Bond Fund has a 52-week low of $10.94 and a 52-week high of $14.01.

The business also recently declared a monthly dividend, which will be paid on Friday, April 29th. Shareholders of record on Friday, April 22nd will be issued a $0.0454 dividend. The ex-dividend date is Thursday, April 21st. This represents a $0.54 dividend on an annualized basis and a yield of 4.97%.

In other news, insider Craig R. Brandon acquired 21,750 shares of the firm’s stock in a transaction dated Wednesday, March 16th. The shares were purchased at an average cost of $11.44 per share, for a total transaction of $248,820.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lenox Wealth Advisors LLC bought a new stake in Eaton Vance Municipal Bond Fund in the 1st quarter valued at $1,712,000. AlphaCentric Advisors LLC bought a new stake in shares of Eaton Vance Municipal Bond Fund in the 4th quarter worth about $204,000. Ibex Wealth Advisors increased its holdings in shares of Eaton Vance Municipal Bond Fund by 192.1% in the 4th quarter. Ibex Wealth Advisors now owns 60,922 shares of the company’s stock worth $827,000 after buying an additional 40,062 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Eaton Vance Municipal Bond Fund in the 4th quarter worth about $271,000. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Eaton Vance Municipal Bond Fund by 43.2% in the 4th quarter. Parametric Portfolio Associates LLC now owns 415,339 shares of the company’s stock worth $5,640,000 after buying an additional 125,231 shares during the last quarter.

Eaton Vance Municipal Bond Fund Company Profile (Get Rating)

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.

See Also