Eaton Vance Municipal Income Trust (NYSE:EVN) Sees Significant Decrease in Short Interest

Eaton Vance Municipal Income Trust (NYSE:EVN) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 52,700 shares, a decrease of 37.8% from the October 15th total of 84,700 shares. Based on an average daily volume of 102,100 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Horizon Kinetics Asset Management LLC acquired a new position in shares of Eaton Vance Municipal Income Trust during the third quarter worth $110,000. Moloney Securities Asset Management LLC raised its stake in 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 buying an additional 18,380 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings 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 acquiring an additional 4,016 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in shares of Eaton Vance Municipal Income Trust by 997.0% during the third quarter. Pathway Financial Advisers LLC now owns 7,295 shares of the investment management company’s stock worth $80,000 after acquiring an additional 6,630 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Eaton Vance Municipal Income Trust during the third quarter valued at about $816,000.

Eaton Vance Municipal Income Trust Price Performance

EVN opened at $10.43 on Thursday. Eaton Vance Municipal Income Trust has a 12 month low of $9.33 and a 12 month high of $11.31. The stock has a fifty day moving average price of $10.83 and a 200-day moving average price of $10.52.

Eaton Vance Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 18th. Shareholders of record on Monday, November 11th will be given a dividend of $0.0513 per share. This represents a $0.62 annualized dividend and a dividend yield of 5.90%. The ex-dividend date of this dividend is Friday, November 8th.

About Eaton Vance Municipal Income Trust

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.