Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 78,135 shares, an increase of 51.6% from the August 31st total of 51,524 shares. Based on an average trading volume of 189,570 shares, the short-interest ratio is currently 0.4 days.
Insider Activity
In other Eaton Vance Municipal Bond Fund news, insider Craig R. Brandon sold 87,567 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $9.12, for a total value of $798,611.04. Following the completion of the sale, the insider directly owned 1 shares in the company, valued at $9.12. This represents a 100.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Institutional Investors Weigh In On Eaton Vance Municipal Bond Fund
Large investors have recently made changes to their positions in the stock. Fiera Capital Corp acquired a new stake in shares of Eaton Vance Municipal Bond Fund in the fourth quarter valued at about $2,861,000. Rareview Capital LLC acquired a new position in Eaton Vance Municipal Bond Fund during the first quarter valued at approximately $2,483,000. Cura Wealth Advisors LLC acquired a new position in Eaton Vance Municipal Bond Fund during the second quarter valued at approximately $2,531,000. Bank of America Corp DE bought a new position in Eaton Vance Municipal Bond Fund in the second quarter valued at approximately $1,630,000. Finally, Uniting Wealth Partners LLC bought a new position in Eaton Vance Municipal Bond Fund in the second quarter valued at approximately $759,000.
Eaton Vance Municipal Bond Fund Trading Up 1.4%
Eaton Vance Municipal Bond Fund Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.0508 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.61 dividend on an annualized basis and a yield of 6.8%.
About Eaton Vance Municipal Bond Fund
Eaton Vance Municipal Bond Fund (NYSE American: EIM) is a closed-end investment fund managed by Eaton Vance Management, an investment management firm within Morgan Stanley Investment Management. The fund seeks to provide current income that is exempt from regular federal income tax.
The fund invests primarily in municipal obligations issued by states, municipalities, and other public entities in the United States. Its portfolio may include a range of tax-exempt securities with varying maturities, credit qualities, and structures, allowing the fund to pursue income while managing interest-rate and credit risk.
Eaton Vance Municipal Bond Fund was formerly known as Eaton Vance Municipal Income Trust.
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