Short Interest in Eaton Vance Municipal Income Trust (NYSE:EVN) Drops By 37.8%

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

Eaton Vance Municipal Income Trust Stock Performance

EVN opened at $10.47 on Friday. The business has a fifty day moving average of $10.81 and a 200 day moving average of $10.53. Eaton Vance Municipal Income Trust has a 52-week low of $9.38 and a 52-week high of $11.31.

Eaton Vance Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.0513 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Friday, November 8th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cetera Advisors LLC boosted its position in Eaton Vance Municipal Income Trust by 66.2% in the 1st quarter. Cetera Advisors LLC now owns 18,894 shares of the investment management company’s stock valued at $194,000 after buying an additional 7,528 shares during the period. Lynx Investment Advisory bought a new stake in shares of Eaton Vance Municipal Income Trust during the second quarter valued at approximately $81,000. Integrated Capital Management Inc. boosted its holdings in shares of Eaton Vance Municipal Income Trust by 10.8% in the second quarter. Integrated Capital Management Inc. now owns 18,323 shares of the investment management company’s stock valued at $190,000 after purchasing an additional 1,786 shares during the period. InTrack Investment Management Inc grew its stake in Eaton Vance Municipal Income Trust by 76.4% in the second quarter. InTrack Investment Management Inc now owns 94,013 shares of the investment management company’s stock worth $973,000 after purchasing an additional 40,712 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in Eaton Vance Municipal Income Trust during the 2nd quarter worth $328,000.

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.