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

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 48,600 shares, an increase of 6.8% from the June 30th total of 45,500 shares. Based on an average daily volume of 151,600 shares, the short-interest ratio is currently 0.3 days.

Eaton Vance Municipal Bond Fund Stock Up 0.5 %

Shares of NYSEAMERICAN EIM traded up $0.05 on Thursday, reaching $10.44. 271,327 shares of the company traded hands, compared to its average volume of 179,235. Eaton Vance Municipal Bond Fund has a fifty-two week low of $8.61 and a fifty-two week high of $10.75.

Eaton Vance Municipal Bond Fund Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd were paid a dividend of $0.0508 per share. The ex-dividend date was Tuesday, July 23rd. This represents a $0.61 dividend on an annualized basis and a yield of 5.84%. This is an increase from Eaton Vance Municipal Bond Fund’s previous monthly dividend of $0.05.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

A number of hedge funds have recently made changes to their positions in EIM. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Eaton Vance Municipal Bond Fund in the first quarter valued at about $28,000. Raymond James Trust N.A. acquired a new stake in Eaton Vance Municipal Bond Fund during the 2nd quarter valued at $112,000. Wealth Alliance Advisory Group LLC purchased a new stake in Eaton Vance Municipal Bond Fund during the 2nd quarter worth $134,000. Quarry LP acquired a new position in Eaton Vance Municipal Bond Fund in the 4th quarter worth $252,000. Finally, Cetera Advisors LLC purchased a new position in Eaton Vance Municipal Bond Fund in the 1st quarter valued at about $297,000.

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.