Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Sees Significant Decline in Short Interest

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 44,586 shares, a decline of 66.3% from the September 30th total of 132,306 shares. Based on an average daily volume of 300,701 shares, the short-interest ratio is currently 0.1 days.

Eaton Vance Municipal Bond Fund Trading Up 0.6%

Eaton Vance Municipal Bond Fund stock traded up $0.05 during trading on Thursday, hitting $9.12. 197,208 shares of the company were exchanged, compared to its average volume of 173,976. The business’s 50 day moving average is $9.12 and its 200 day moving average is $9.65. Eaton Vance Municipal Bond Fund has a 52 week low of $8.64 and a 52 week high of $10.06.

Eaton Vance Municipal Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.0508 per share. This represents a $0.61 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, October 15th.

Insider Activity at Eaton Vance Municipal Bond Fund

In other news, insider Craig R. Brandon sold 87,567 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $9.12, for a total value of $798,611.04. Following the transaction, the insider owned 1 shares in the company, valued at $9.12. This trade represents a 100.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Eaton Vance Municipal Bond Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in shares of Eaton Vance Municipal Bond Fund during the 2nd quarter valued at approximately $51,000. Hollencrest Capital Management increased its stake in shares of Eaton Vance Municipal Bond Fund by 50.4% during the 1st quarter. Hollencrest Capital Management now owns 7,548 shares of the company’s stock worth $74,000 after purchasing an additional 2,528 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of Eaton Vance Municipal Bond Fund in the 1st quarter worth approximately $112,000. SMH Capital Advisors Inc. bought a new stake in shares of Eaton Vance Municipal Bond Fund in the 3rd quarter worth approximately $120,000. Finally, Petra Financial Advisors Inc. lifted its stake in Eaton Vance Municipal Bond Fund by 17.2% in the first quarter. Petra Financial Advisors Inc. now owns 17,000 shares of the company’s stock valued at $166,000 after purchasing an additional 2,500 shares during the last quarter.

About Eaton Vance Municipal Bond Fund

Eaton Vance Municipal Bond Fund is a closed-end fund traded on the NYSE American under the symbol EIM. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal obligations issued by states, municipalities and other governmental entities.

The fund’s portfolio may include a range of tax-exempt securities, such as general obligation bonds, revenue bonds and other municipal debt instruments. Its investments may finance public infrastructure and services, including education, transportation, utilities and health care.