Eaton Vance Municipal Income Trust (NYSE:EVN) Short Interest Up 21.3% in September

Eaton Vance Municipal Income Trust (NYSE:EVN) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 118,000 shares, an increase of 21.3% from the August 31st total of 97,300 shares. Based on an average daily trading volume, of 89,800 shares, the short-interest ratio is currently 1.3 days.

Eaton Vance Municipal Income Trust Stock Performance

EVN traded up $0.01 during trading on Monday, hitting $10.97. The stock had a trading volume of 102,272 shares, compared to its average volume of 91,628. Eaton Vance Municipal Income Trust has a twelve month low of $8.64 and a twelve month high of $11.31. The company’s 50-day moving average price is $10.80 and its 200 day moving average price is $10.38.

Eaton Vance Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 13th were paid a dividend of $0.0513 per share. The ex-dividend date was Friday, September 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.61%.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

Hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in Eaton Vance Municipal Income Trust by 2.1% in the first quarter. Van ECK Associates Corp now owns 305,456 shares of the investment management company’s stock valued at $3,131,000 after purchasing an additional 6,326 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Eaton Vance Municipal Income Trust by 0.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 228,675 shares of the investment management company’s stock valued at $2,344,000 after acquiring an additional 1,544 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Eaton Vance Municipal Income Trust during the 2nd quarter worth about $1,274,000. Moloney Securities Asset Management LLC boosted its position in shares of Eaton Vance Municipal Income Trust by 7.9% in the second quarter. Moloney Securities Asset Management LLC now owns 110,253 shares of the investment management company’s stock worth $1,141,000 after acquiring an additional 8,091 shares during the last quarter. Finally, InTrack Investment Management Inc grew its holdings in Eaton Vance Municipal Income Trust by 76.4% in the second quarter. InTrack Investment Management Inc now owns 94,013 shares of the investment management company’s stock valued at $973,000 after purchasing an additional 40,712 shares during the period.

Eaton Vance Municipal Income Trust Company Profile

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.