Short Interest in Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Grows By 30.4%

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 21,000 shares, an increase of 30.4% from the January 31st total of 16,100 shares. Based on an average trading volume of 176,100 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Eaton Vance Municipal Bond Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sit Investment Associates Inc. increased its position in shares of Eaton Vance Municipal Bond Fund by 57.5% in the fourth quarter. Sit Investment Associates Inc. now owns 1,438,451 shares of the company’s stock valued at $14,902,000 after buying an additional 524,967 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Eaton Vance Municipal Bond Fund by 33.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 914,996 shares of the company’s stock valued at $9,479,000 after buying an additional 229,877 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Eaton Vance Municipal Bond Fund in the fourth quarter valued at approximately $6,305,000. Wealthspire Advisors LLC increased its position in shares of Eaton Vance Municipal Bond Fund by 8.5% in the fourth quarter. Wealthspire Advisors LLC now owns 470,358 shares of the company’s stock valued at $4,873,000 after buying an additional 36,869 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Eaton Vance Municipal Bond Fund by 23.0% in the fourth quarter. Advisors Asset Management Inc. now owns 460,264 shares of the company’s stock valued at $4,768,000 after buying an additional 86,122 shares in the last quarter.

Eaton Vance Municipal Bond Fund Trading Down 0.2 %

EIM stock traded down $0.02 during trading on Tuesday, hitting $10.25. 100,534 shares of the company traded hands, compared to its average volume of 159,735. The stock’s 50-day moving average is $10.21. Eaton Vance Municipal Bond Fund has a 1 year low of $9.89 and a 1 year high of $10.93.

Eaton Vance Municipal Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.0508 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date is Friday, March 14th.

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.