Short Interest in Eaton Vance Municipal Income Trust (NYSE:EVN) Drops By 37.8%

Eaton Vance Municipal Income Trust (NYSE:EVN) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 52,700 shares, a decrease of 37.8% from the October 15th total of 84,700 shares. Based on an average trading volume of 102,100 shares, the short-interest ratio is currently 0.5 days.

Eaton Vance Municipal Income Trust Trading Up 0.2 %

Shares of EVN stock opened at $10.47 on Friday. Eaton Vance Municipal Income Trust has a 52-week low of $9.38 and a 52-week high of $11.31. The business’s fifty day moving average is $10.81 and its 200 day moving average is $10.53.

Eaton Vance Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.0513 per share. The ex-dividend date is Friday, November 8th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.88%.

Institutional Trading of Eaton Vance Municipal Income Trust

Several large investors have recently modified their holdings of the business. Pathway Financial Advisers LLC lifted its holdings in shares of Eaton Vance Municipal Income Trust by 997.0% during the third quarter. Pathway Financial Advisers LLC now owns 7,295 shares of the investment management company’s stock valued at $80,000 after purchasing an additional 6,630 shares during the last quarter. Lynx Investment Advisory bought a new stake in Eaton Vance Municipal Income Trust in the 2nd quarter worth approximately $81,000. Horizon Kinetics Asset Management LLC bought a new stake in Eaton Vance Municipal Income Trust in the 3rd quarter worth approximately $110,000. Integrated Capital Management Inc. grew its position in shares of Eaton Vance Municipal Income Trust by 10.8% during the 2nd quarter. Integrated Capital Management Inc. now owns 18,323 shares of the investment management company’s stock valued at $190,000 after acquiring an additional 1,786 shares during the period. Finally, Cetera Advisors LLC grew its position in shares of Eaton Vance Municipal Income Trust by 66.2% during the 1st quarter. Cetera Advisors LLC now owns 18,894 shares of the investment management company’s stock valued at $194,000 after acquiring an additional 7,528 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.