Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Sees Large Increase in Short Interest

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 73,534 shares, a growth of 90.8% from the June 30th total of 38,530 shares. Based on an average daily volume of 127,150 shares, the short-interest ratio is currently 0.6 days.

Eaton Vance Municipal Bond Fund Stock Performance

Shares of NYSEAMERICAN EIM opened at $9.61 on Thursday. The firm has a 50 day moving average of $9.81 and a 200 day moving average of $9.85. Eaton Vance Municipal Bond Fund has a 12-month low of $9.48 and a 12-month high of $10.54.

Eaton Vance Municipal Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.0508 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Wednesday, July 15th.

Institutional Investors Weigh In On Eaton Vance Municipal Bond Fund

A number of hedge funds have recently modified their holdings of EIM. Cetera Investment Advisers raised its holdings in Eaton Vance Municipal Bond Fund by 7.0% in the 2nd quarter. Cetera Investment Advisers now owns 57,288 shares of the company’s stock worth $554,000 after purchasing an additional 3,753 shares during the period. Invesco Ltd. grew its holdings in Eaton Vance Municipal Bond Fund by 19.0% during the second quarter. Invesco Ltd. now owns 157,475 shares of the company’s stock valued at $1,523,000 after purchasing an additional 25,138 shares during the period. Raymond James Financial Inc. raised its stake in shares of Eaton Vance Municipal Bond Fund by 13.0% in the second quarter. Raymond James Financial Inc. now owns 730,758 shares of the company’s stock worth $7,066,000 after buying an additional 83,964 shares during the period. Jane Street Group LLC bought a new position in shares of Eaton Vance Municipal Bond Fund in the second quarter worth about $130,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Eaton Vance Municipal Bond Fund by 14.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 480,370 shares of the company’s stock valued at $4,645,000 after buying an additional 61,302 shares in the last quarter.

About Eaton Vance Municipal Bond Fund

The Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) is a closed-end management investment company that seeks to provide shareholders with high current income exempt from regular United States federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by state and local governments and their agencies. It may also hold tender option bonds and other municipal derivatives to help manage duration and enhance yield.

Managed by Eaton Vance Management, a leading asset management firm with a history dating back to 1924, the fund leverages the firm’s experience in fixed-income investing.