Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Short Interest Update

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 20,600 shares, a decline of 9.3% from the August 15th total of 22,700 shares. Based on an average daily volume of 173,800 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

Large investors have recently made changes to their positions in the company. Cetera Advisors LLC acquired a new position in shares of Eaton Vance Municipal Bond Fund during the first quarter valued at $297,000. Janney Montgomery Scott LLC increased its holdings in Eaton Vance Municipal Bond Fund by 6.6% in the first quarter. Janney Montgomery Scott LLC now owns 35,156 shares of the company’s stock valued at $364,000 after purchasing an additional 2,184 shares during the last quarter. Karpus Management Inc. increased its holdings in Eaton Vance Municipal Bond Fund by 38.7% in the first quarter. Karpus Management Inc. now owns 14,325,881 shares of the company’s stock valued at $148,273,000 after purchasing an additional 3,995,787 shares during the last quarter. Robinson Capital Management LLC increased its holdings in Eaton Vance Municipal Bond Fund by 7.8% in the first quarter. Robinson Capital Management LLC now owns 383,182 shares of the company’s stock valued at $3,816,000 after purchasing an additional 27,800 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. increased its holdings in shares of Eaton Vance Municipal Bond Fund by 227.7% in the first quarter. City of London Investment Management Co. Ltd. now owns 171,994 shares of the company’s stock worth $1,780,000 after acquiring an additional 119,510 shares in the last quarter.

Eaton Vance Municipal Bond Fund Stock Up 0.1 %

Shares of EIM traded up $0.01 during trading hours on Wednesday, hitting $10.87. 30,527 shares of the stock traded hands, compared to its average volume of 173,975. Eaton Vance Municipal Bond Fund has a 1-year low of $8.61 and a 1-year high of $10.89.

Eaton Vance Municipal Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.0508 per share. This represents a $0.61 annualized dividend and a dividend yield of 5.61%. The ex-dividend date of this dividend is Friday, September 20th.

About Eaton Vance Municipal Bond Fund

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.