Eaton Vance California Municipal Income Trust (NYSEAMERICAN:CEV) Sees Significant Decrease in Short Interest

Eaton Vance California Municipal Income Trust (NYSEAMERICAN:CEV) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 1,100 shares, a decline of 50.0% from the December 15th total of 2,200 shares. Based on an average trading volume of 17,400 shares, the days-to-cover ratio is presently 0.1 days.

CEV opened at $13.11 on Friday. Eaton Vance California Municipal Income Trust has a 12 month low of $12.89 and a 12 month high of $14.55.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 20th. Investors of record on Thursday, January 13th will be given a $0.0471 dividend. The ex-dividend date of this dividend is Wednesday, January 12th. This represents a $0.57 annualized dividend and a yield of 4.31%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG lifted its position in Eaton Vance California Municipal Income Trust by 14.8% during the 3rd quarter. UBS Group AG now owns 85,046 shares of the company’s stock worth $1,158,000 after buying an additional 10,962 shares in the last quarter. Morgan Stanley lifted its position in Eaton Vance California Municipal Income Trust by 3.5% during the 3rd quarter. Morgan Stanley now owns 88,199 shares of the company’s stock worth $1,201,000 after buying an additional 2,969 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Eaton Vance California Municipal Income Trust by 12.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 235,293 shares of the company’s stock worth $3,205,000 after buying an additional 26,045 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in Eaton Vance California Municipal Income Trust by 30.7% during the 3rd quarter. Advisor Group Holdings Inc. now owns 14,900 shares of the company’s stock worth $203,000 after buying an additional 3,500 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Eaton Vance California Municipal Income Trust by 4.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 21,400 shares of the company’s stock worth $291,000 after buying an additional 1,000 shares in the last quarter.

Eaton Vance California Municipal Income Trust Company Profile

Eaton Vance California Municipal Income Trust operates as a closed-end investment fund. It seeks current income exempt from regular federal income tax and California state personal income taxes. The company was founded on January 29, 1999 and is headquartered in Boston, MA.

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