Eaton Vance Municipal Income Trust (NYSE:EVN) Short Interest Up 193.9% in February

Eaton Vance Municipal Income Trust (NYSE:EVN) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 158,400 shares, a growth of 193.9% from the February 13th total of 53,900 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 118,100 shares, the short-interest ratio is presently 1.3 days.

Insider Activity

In other news, insider Cynthia Frost sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $10.65, for a total value of $159,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC purchased a new position in Eaton Vance Municipal Income Trust in the third quarter valued at approximately $110,000. Walleye Capital LLC bought a new stake in Eaton Vance Municipal Income Trust in the fourth quarter valued at $114,000. Ackerman Capital Advisors LLC bought a new stake in shares of Eaton Vance Municipal Income Trust during the fourth quarter valued at about $142,000. Landscape Capital Management L.L.C. bought a new stake in shares of Eaton Vance Municipal Income Trust during the fourth quarter valued at about $150,000. Finally, one8zero8 LLC acquired a new position in Eaton Vance Municipal Income Trust during the fourth quarter worth about $182,000.

Eaton Vance Municipal Income Trust Stock Down 0.5 %

Shares of Eaton Vance Municipal Income Trust stock opened at $10.40 on Friday. The firm’s fifty day simple moving average is $10.44 and its 200-day simple moving average is $10.58. Eaton Vance Municipal Income Trust has a 12 month low of $9.79 and a 12 month high of $11.31.

Eaton Vance Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, March 13th will be paid a $0.0513 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.62 dividend on an annualized basis and a yield of 5.92%.

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.