Short Interest in Eaton Vance Municipal Income Trust (NYSE:EVN) Rises By 114.4%

Eaton Vance Municipal Income Trust (NYSE:EVN) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 162,322 shares, an increase of 114.4% from the August 15th total of 75,709 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 70,560 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

A number of hedge funds have recently added to or reduced their stakes in EVN. Guggenheim Capital LLC grew its holdings in shares of Eaton Vance Municipal Income Trust by 17.7% in the fourth quarter. Guggenheim Capital LLC now owns 957,988 shares of the investment management company’s stock worth $10,308,000 after acquiring an additional 143,896 shares during the period. LPL Financial LLC increased its position in Eaton Vance Municipal Income Trust by 23.5% during the fourth quarter. LPL Financial LLC now owns 203,743 shares of the investment management company’s stock valued at $2,192,000 after acquiring an additional 38,710 shares during the last quarter. Stifel Financial Corp lifted its holdings in Eaton Vance Municipal Income Trust by 2.3% in the fourth quarter. Stifel Financial Corp now owns 89,742 shares of the investment management company’s stock valued at $966,000 after acquiring an additional 1,975 shares during the period. Baird Financial Group Inc. lifted its holdings in Eaton Vance Municipal Income Trust by 43.5% in the second quarter. Baird Financial Group Inc. now owns 65,615 shares of the investment management company’s stock valued at $671,000 after acquiring an additional 19,881 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Eaton Vance Municipal Income Trust by 12.9% in the first quarter. NewEdge Advisors LLC now owns 50,006 shares of the investment management company’s stock worth $513,000 after purchasing an additional 5,711 shares during the last quarter.

Eaton Vance Municipal Income Trust Stock Performance

Shares of EVN stock traded down $0.04 during trading hours on Monday, reaching $10.38. The company had a trading volume of 33,590 shares, compared to its average volume of 77,084. The business has a fifty day moving average price of $10.74 and a 200-day moving average price of $10.73. Eaton Vance Municipal Income Trust has a one year low of $10.09 and a one year high of $11.26.

Eaton Vance Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, September 24th. Investors of record on Monday, September 14th will be issued a $0.0513 dividend. The ex-dividend date is Monday, September 14th. This represents a c) annualized dividend and a yield of 5.9%.

Eaton Vance Municipal Income Trust Company Profile

Eaton Vance Municipal Income Trust (NYSE: EVN) is a closed-end investment fund that seeks to provide current income exempt from regular federal income tax. The trust invests primarily in municipal securities issued by states, municipalities, and other public authorities in the United States.

Its portfolio may include general obligation bonds, revenue bonds, and other tax-exempt municipal obligations. These securities can help finance public projects and essential services such as education, transportation, utilities, health care, and housing.