Short Interest in Eaton Vance Municipal Income Trust (NYSE:EVN) Increases By 21.9%

Eaton Vance Municipal Income Trust (NYSE:EVN) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 27,300 shares, a growth of 21.9% from the December 15th total of 22,400 shares. Based on an average trading volume of 127,000 shares, the short-interest ratio is currently 0.2 days.

Eaton Vance Municipal Income Trust Price Performance

EVN stock traded up $0.04 during mid-day trading on Friday, hitting $10.22. 91,665 shares of the company were exchanged, compared to its average volume of 117,306. The firm has a fifty day simple moving average of $10.32 and a 200 day simple moving average of $10.58. Eaton Vance Municipal Income Trust has a twelve month low of $9.68 and a twelve month high of $11.31.

Eaton Vance Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Monday, January 13th will be paid a dividend of $0.0513 per share. This represents a $0.62 annualized dividend and a yield of 6.02%. The ex-dividend date is Monday, January 13th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EVN. Raymond James & Associates boosted its holdings 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 worth $3,016,000 after purchasing an additional 1,210 shares during the period. Stifel Financial Corp boosted its holdings in shares of Eaton Vance Municipal Income Trust by 33.0% in the 3rd quarter. Stifel Financial Corp now owns 60,867 shares of the investment management company’s stock valued at $668,000 after buying an additional 15,101 shares during the period. HighTower Advisors LLC acquired a new position in shares of Eaton Vance Municipal Income Trust in the 3rd quarter valued at about $231,000. International Assets Investment Management LLC bought a new stake in shares of Eaton Vance Municipal Income Trust during the 3rd quarter valued at about $816,000. Finally, Janney Montgomery Scott LLC raised its stake in Eaton Vance Municipal Income Trust by 1.7% during 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 during the period.

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.