Eaton Vance California Municipal Income Trust (NYSE:CEV) Short Interest Up 79.0% in May

Eaton Vance California Municipal Income Trust (NYSE:CEV) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 14,500 shares, a growth of 79.0% from the May 15th total of 8,100 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 32,100 shares, the short-interest ratio is currently 0.5 days.

Eaton Vance California Municipal Income Trust Stock Up 0.3%

Shares of NYSE CEV opened at $9.61 on Tuesday. Eaton Vance California Municipal Income Trust has a fifty-two week low of $9.31 and a fifty-two week high of $11.29. The company has a 50 day simple moving average of $9.65 and a two-hundred day simple moving average of $10.00.

Eaton Vance California Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date is Friday, June 13th.

Hedge Funds Weigh In On Eaton Vance California Municipal Income Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC raised its holdings in Eaton Vance California Municipal Income Trust by 255.4% in the 4th quarter. Wolverine Asset Management LLC now owns 59,812 shares of the company’s stock worth $601,000 after acquiring an additional 42,983 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in Eaton Vance California Municipal Income Trust by 68.1% during the 4th quarter. Wealthspire Advisors LLC now owns 24,196 shares of the company’s stock valued at $243,000 after purchasing an additional 9,805 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Eaton Vance California Municipal Income Trust during the 4th quarter valued at $169,000. Noble Wealth Management PBC purchased a new stake in Eaton Vance California Municipal Income Trust during the 4th quarter valued at $32,000. Finally, Raymond James Financial Inc. purchased a new stake in Eaton Vance California Municipal Income Trust during the 4th quarter valued at $481,000. Institutional investors own 35.88% of the company’s stock.

About Eaton Vance California Municipal Income Trust

Eaton Vance California 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 debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors.