Short Interest in Eaton Vance Municipal Income Trust (NYSE:EVN) Decreases By 47.0%

Eaton Vance Municipal Income Trust (NYSE:EVN) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 84,460 shares, a decline of 47.0% from the July 15th total of 159,225 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 78,489 shares, the days-to-cover ratio is currently 1.1 days.

Eaton Vance Municipal Income Trust Stock Down 1.2%

Eaton Vance Municipal Income Trust stock traded down $0.13 during trading hours on Monday, hitting $10.77. The stock had a trading volume of 102,423 shares, compared to its average volume of 79,289. Eaton Vance Municipal Income Trust has a 1-year low of $10.09 and a 1-year high of $11.26. The stock’s fifty day moving average is $10.88 and its two-hundred day moving average is $10.77.

Eaton Vance Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 25th. Investors of record on Thursday, August 13th will be given a $0.0513 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 5.7%.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

Several hedge funds have recently added to or reduced their stakes in EVN. CENTRAL TRUST Co purchased a new stake in shares of Eaton Vance Municipal Income Trust in the fourth quarter valued at about $54,000. First Trust Advisors LP purchased a new position in shares of Eaton Vance Municipal Income Trust during the 1st quarter worth approximately $105,000. Glen Eagle Advisors LLC purchased a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter worth approximately $111,000. &PARTNERS purchased a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter worth approximately $142,000. Finally, Coquina Private Wealth LLC acquired a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter worth approximately $143,000.

Eaton Vance Municipal Income Trust Company Profile

Eaton Vance Municipal Income Trust (NYSE: EVN) is a closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. The trust primarily invests in investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. By focusing on tax-exempt income, EVN aims to deliver attractive after-tax yields to individual and institutional investors.

The fund’s portfolio is diversified across sectors such as general obligation bonds, revenue bonds, essential service issuers and housing finance agencies.