Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Shares Shorted: Short Interest Up 69.3% in September

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 132,306 shares, a growth of 69.3% from the September 15th total of 78,135 shares. Based on an average daily trading volume, of 313,074 shares, the short-interest ratio is presently 0.4 days.

Eaton Vance Municipal Bond Fund Stock Performance

Eaton Vance Municipal Bond Fund stock traded up $0.07 during midday trading on Thursday, hitting $8.81. 589,899 shares of the company were exchanged, compared to its average volume of 160,898. Eaton Vance Municipal Bond Fund has a fifty-two week low of $8.64 and a fifty-two week high of $10.06. The company’s fifty day moving average price is $9.28 and its 200-day moving average price is $9.61.

Eaton Vance Municipal Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.0508 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.61 annualized dividend and a dividend yield of 6.9%.

Insider Buying and Selling at Eaton Vance Municipal Bond Fund

In other news, insider Craig R. Brandon sold 87,567 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $9.12, for a total value of $798,611.04. Following the completion of the sale, the insider owned 1 shares in the company, valued at approximately $9.12. This trade represents a 100.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Investors Weigh In On Eaton Vance Municipal Bond Fund

Large investors have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC lifted its holdings in shares of Eaton Vance Municipal Bond Fund by 1.3% in the 1st quarter. Rivernorth Capital Management LLC now owns 1,610,948 shares of the company’s stock worth $15,739,000 after purchasing an additional 20,385 shares during the last quarter. Robinson Capital Management LLC grew its stake in Eaton Vance Municipal Bond Fund by 0.6% during the 2nd quarter. Robinson Capital Management LLC now owns 1,041,484 shares of the company’s stock worth $10,378,000 after buying an additional 6,246 shares during the last quarter. Rareview Capital LLC grew its stake in Eaton Vance Municipal Bond Fund by 52.7% during the 2nd quarter. Rareview Capital LLC now owns 392,059 shares of the company’s stock worth $3,791,000 after buying an additional 135,299 shares during the last quarter. Cresta Advisors Ltd. grew its stake in Eaton Vance Municipal Bond Fund by 3.0% during the 3rd quarter. Cresta Advisors Ltd. now owns 345,415 shares of the company’s stock worth $3,133,000 after buying an additional 10,000 shares during the last quarter. Finally, Cura Wealth Advisors LLC acquired a new stake in Eaton Vance Municipal Bond Fund in the second quarter worth $2,531,000.

Eaton Vance Municipal Bond Fund Company Profile

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.