Eaton Vance California Municipal Income Trust (NYSE:CEV) Short Interest Down 29.7% in September

Eaton Vance California Municipal Income Trust (NYSE:CEV) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 16,300 shares, a drop of 29.7% from the September 15th total of 23,200 shares. Based on an average daily volume of 47,500 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 47,500 shares, the days-to-cover ratio is presently 0.3 days.

Eaton Vance California Municipal Income Trust Stock Performance

CEV opened at $10.12 on Friday. The business has a 50 day moving average of $9.88 and a 200-day moving average of $9.71. Eaton Vance California Municipal Income Trust has a 52 week low of $9.31 and a 52 week high of $10.75.

Eaton Vance California Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 14th were given a dividend of $0.05 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Tuesday, October 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its position in Eaton Vance California Municipal Income Trust by 400.0% during the 2nd quarter. Osaic Holdings Inc. now owns 10,000 shares of the company’s stock valued at $97,000 after buying an additional 8,000 shares in the last quarter. Raymond James Financial Inc. increased its position in Eaton Vance California Municipal Income Trust by 7.5% during the 2nd quarter. Raymond James Financial Inc. now owns 51,580 shares of the company’s stock valued at $500,000 after buying an additional 3,606 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Eaton Vance California Municipal Income Trust during the 2nd quarter valued at approximately $52,000. WESCAP Management Group Inc. bought a new position in Eaton Vance California Municipal Income Trust during the 2nd quarter valued at approximately $570,000. Finally, Cypress Wealth Services LLC bought a new position in Eaton Vance California Municipal Income Trust during the 2nd quarter valued at approximately $531,000. Institutional investors own 35.88% of the company’s stock.

Eaton Vance California Municipal Income Trust Company Profile

Eaton Vance California 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 debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors.