Short Interest in Eaton Vance Municipal Income Trust (NYSE:EVN) Increases By 70.6%

Eaton Vance Municipal Income Trust (NYSE:EVNGet Rating) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 11,600 shares, an increase of 70.6% from the October 15th total of 6,800 shares. Based on an average daily trading volume, of 107,600 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Eaton Vance Municipal Income Trust

A number of institutional investors have recently bought and sold shares of EVN. Cozad Asset Management Inc. acquired a new stake in shares of Eaton Vance Municipal Income Trust during the 1st quarter worth $196,000. Park Avenue Securities LLC increased its holdings in Eaton Vance Municipal Income Trust by 8.8% in the 1st quarter. Park Avenue Securities LLC now owns 83,884 shares of the investment management company’s stock valued at $993,000 after buying an additional 6,784 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Eaton Vance Municipal Income Trust by 138.2% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 62,525 shares of the investment management company’s stock valued at $740,000 after buying an additional 36,272 shares in the last quarter. LexAurum Advisors LLC bought a new stake in shares of Eaton Vance Municipal Income Trust during the 1st quarter worth approximately $174,000. Finally, Herold Advisors Inc. acquired a new stake in shares of Eaton Vance Municipal Income Trust during the 1st quarter worth approximately $33,000.

Eaton Vance Municipal Income Trust Price Performance

NYSE:EVN opened at $9.66 on Monday. The stock has a 50 day simple moving average of $9.92 and a 200 day simple moving average of $10.83. Eaton Vance Municipal Income Trust has a 1-year low of $9.34 and a 1-year high of $14.05.

Eaton Vance Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 18th. Investors of record on Friday, November 11th will be paid a $0.041 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.49 annualized dividend and a dividend yield of 5.09%.

Eaton Vance Municipal Income Trust Company Profile

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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.

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