Eaton Vance Municipal Income Trust (NYSE:EVN) Short Interest Update

Eaton Vance Municipal Income Trust (NYSE:EVN) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 84,700 shares, a drop of 9.1% from the September 30th total of 93,200 shares. Based on an average daily volume of 95,700 shares, the short-interest ratio is presently 0.9 days.

Eaton Vance Municipal Income Trust Trading Down 0.8 %

Shares of EVN traded down $0.08 on Friday, reaching $10.44. The company’s stock had a trading volume of 135,065 shares, compared to its average volume of 93,310. Eaton Vance Municipal Income Trust has a twelve month low of $9.03 and a twelve month high of $11.31. The firm has a fifty day moving average of $10.89 and a 200-day moving average of $10.48.

Eaton Vance Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were paid a $0.0513 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.62 annualized dividend and a dividend yield of 5.90%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVN. Moloney Securities Asset Management LLC grew its holdings in shares of Eaton Vance Municipal Income Trust by 16.7% in the third quarter. Moloney Securities Asset Management LLC now owns 128,633 shares of the investment management company’s stock valued at $1,411,000 after acquiring an additional 18,380 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Eaton Vance Municipal Income Trust by 1.7% in the third quarter. Janney Montgomery Scott LLC now owns 234,205 shares of the investment management company’s stock worth $2,569,000 after purchasing an additional 4,016 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in Eaton Vance Municipal Income Trust by 997.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 7,295 shares of the investment management company’s stock valued at $80,000 after purchasing an additional 6,630 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Eaton Vance Municipal Income Trust during the 3rd quarter worth $816,000. Finally, Raymond James & Associates boosted its stake in Eaton Vance Municipal Income Trust by 0.4% in the third quarter. Raymond James & Associates now owns 274,966 shares of the investment management company’s stock valued at $3,016,000 after acquiring an additional 1,210 shares during the last quarter.

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.