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

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 133,800 shares, a growth of 18.6% from the March 15th total of 112,800 shares. Based on an average daily volume of 209,500 shares, the short-interest ratio is currently 0.6 days.

Eaton Vance Municipal Bond Fund Stock Performance

Shares of EIM opened at $10.02 on Tuesday. Eaton Vance Municipal Bond Fund has a fifty-two week low of $8.61 and a fifty-two week high of $10.46.

Eaton Vance Municipal Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be given a dividend of $0.0468 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date is Monday, April 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Karpus Management Inc. increased its position in Eaton Vance Municipal Bond Fund by 25.9% during the fourth quarter. Karpus Management Inc. now owns 10,330,094 shares of the company’s stock valued at $104,644,000 after acquiring an additional 2,123,154 shares during the last quarter. Morgan Stanley grew its holdings in shares of Eaton Vance Municipal Bond Fund by 12.6% in the fourth quarter. Morgan Stanley now owns 2,023,619 shares of the company’s stock worth $21,025,000 after purchasing an additional 225,920 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Eaton Vance Municipal Bond Fund by 21.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,285,669 shares of the company’s stock worth $13,024,000 after purchasing an additional 223,036 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Eaton Vance Municipal Bond Fund by 0.4% in the second quarter. Wells Fargo & Company MN now owns 718,900 shares of the company’s stock worth $7,153,000 after purchasing an additional 2,532 shares during the last quarter. Finally, Dakota Wealth Management grew its holdings in shares of Eaton Vance Municipal Bond Fund by 20.2% in the third quarter. Dakota Wealth Management now owns 463,870 shares of the company’s stock worth $4,156,000 after purchasing an additional 77,902 shares during the last quarter.

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.