Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Short Interest Down 49.5% in May

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 73,380 shares, a drop of 49.5% from the April 30th total of 145,412 shares. Based on an average trading volume of 120,270 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

Several institutional investors have recently bought and sold shares of EIM. CWM LLC purchased a new position in Eaton Vance Municipal Bond Fund during the fourth quarter valued at $25,000. First Command Advisory Services Inc. purchased a new position in Eaton Vance Municipal Bond Fund during the fourth quarter valued at $39,000. Elyxium Wealth LLC purchased a new position in Eaton Vance Municipal Bond Fund during the fourth quarter valued at $43,000. Hollencrest Capital Management purchased a new position in Eaton Vance Municipal Bond Fund during the fourth quarter valued at $49,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Eaton Vance Municipal Bond Fund during the third quarter valued at $88,000.

Eaton Vance Municipal Bond Fund Stock Performance

EIM traded down $0.07 during trading on Monday, hitting $9.80. 183,628 shares of the company traded hands, compared to its average volume of 141,457. The stock’s 50-day simple moving average is $9.79 and its two-hundred day simple moving average is $9.85. Eaton Vance Municipal Bond Fund has a 1 year low of $9.41 and a 1 year high of $10.54.

Eaton Vance Municipal Bond Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.0508 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Friday, May 15th.

Eaton Vance Municipal Bond Fund Company Profile

The Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) is a closed-end management investment company that seeks to provide shareholders with high current income exempt from regular United States federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by state and local governments and their agencies. It may also hold tender option bonds and other municipal derivatives to help manage duration and enhance yield.

Managed by Eaton Vance Management, a leading asset management firm with a history dating back to 1924, the fund leverages the firm’s experience in fixed-income investing.