Eaton Vance Municipal Income Trust (NYSE:EVN) Sees Large Increase in Short Interest

Eaton Vance Municipal Income Trust (NYSE:EVN) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 93,022 shares, an increase of 133.4% from the April 30th total of 39,857 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 99,133 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

Several hedge funds have recently made changes to their positions in EVN. Royal Bank of Canada lifted its stake in shares of Eaton Vance Municipal Income Trust by 5.1% in the first quarter. Royal Bank of Canada now owns 93,673 shares of the investment management company’s stock valued at $961,000 after buying an additional 4,582 shares during the period. NewEdge Advisors LLC lifted its stake in Eaton Vance Municipal Income Trust by 12.9% during the first quarter. NewEdge Advisors LLC now owns 50,006 shares of the investment management company’s stock worth $513,000 after purchasing an additional 5,711 shares during the period. Baird Financial Group Inc. lifted its stake in Eaton Vance Municipal Income Trust by 43.5% during the second quarter. Baird Financial Group Inc. now owns 65,615 shares of the investment management company’s stock worth $671,000 after purchasing an additional 19,881 shares during the period. StoneX Group Inc. bought a new position in Eaton Vance Municipal Income Trust during the second quarter worth about $180,000. Finally, Cary Street Partners Financial LLC bought a new position in Eaton Vance Municipal Income Trust during the second quarter worth about $160,000.

Eaton Vance Municipal Income Trust Trading Down 0.3%

Shares of NYSE:EVN traded down $0.03 during midday trading on Friday, hitting $10.75. The company’s stock had a trading volume of 71,685 shares, compared to its average volume of 83,169. The stock’s 50 day simple moving average is $10.53 and its 200 day simple moving average is $10.77. Eaton Vance Municipal Income Trust has a fifty-two week low of $10.09 and a fifty-two week high of $11.23.

Eaton Vance Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, May 26th. Investors of record on Thursday, May 14th were paid a $0.0513 dividend. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Thursday, May 14th.

Eaton Vance Municipal Income Trust Company Profile

Eaton Vance Municipal Income Trust (NYSE: EVN) is a closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. The trust primarily invests in investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. By focusing on tax-exempt income, EVN aims to deliver attractive after-tax yields to individual and institutional investors.

The fund’s portfolio is diversified across sectors such as general obligation bonds, revenue bonds, essential service issuers and housing finance agencies.