Short Interest in Eaton Vance New York Municipal Bond Fund (NYSEAMERICAN:ENX) Increases By 30.5%

Eaton Vance New York Municipal Bond Fund (NYSEAMERICAN:ENX) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 38,900 shares, a growth of 30.5% from the August 15th total of 29,800 shares. Based on an average daily trading volume, of 26,300 shares, the short-interest ratio is presently 1.5 days.

Insider Activity at Eaton Vance New York Municipal Bond Fund

In related news, major shareholder Saba Capital Management, L.P. bought 8,401 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was purchased at an average cost of $9.56 per share, for a total transaction of $80,313.56. Following the completion of the acquisition, the insider now owns 2,499,365 shares in the company, valued at $23,893,929.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quarry LP purchased a new stake in shares of Eaton Vance New York Municipal Bond Fund during the second quarter valued at $48,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Eaton Vance New York Municipal Bond Fund by 316.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,580 shares of the company’s stock valued at $59,000 after purchasing an additional 5,000 shares in the last quarter. Captrust Financial Advisors acquired a new position in Eaton Vance New York Municipal Bond Fund during the second quarter valued at $90,000. Virtu Financial LLC acquired a new position in Eaton Vance New York Municipal Bond Fund during the fourth quarter valued at $95,000. Finally, Landscape Capital Management L.L.C. acquired a new position in Eaton Vance New York Municipal Bond Fund during the fourth quarter valued at $99,000.

Eaton Vance New York Municipal Bond Fund Stock Performance

Shares of ENX opened at $8.86 on Monday. Eaton Vance New York Municipal Bond Fund has a 52 week low of $8.15 and a 52 week high of $9.98.

Eaton Vance New York Municipal Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 22nd will be given a dividend of $0.0297 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $0.36 annualized dividend and a dividend yield of 4.02%.

About Eaton Vance New York Municipal Bond Fund

Eaton Vance New York Municipal Bond Fund is a close-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income market of United States. It invests primarily in high grade municipal obligations comprising of various industries, such as general obligations, hospital, electric utilities, transportation, water and sewer, public education, and private education.