Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Short Interest Update

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 133,800 shares, an increase of 18.6% from the March 15th total of 112,800 shares. Based on an average daily volume of 209,500 shares, the days-to-cover ratio is presently 0.6 days.

Eaton Vance Municipal Bond Fund Price Performance

EIM stock opened at $10.02 on Tuesday. Eaton Vance Municipal Bond Fund has a fifty-two week low of $8.61 and a fifty-two week high of $10.46.

Eaton Vance Municipal Bond Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be issued a $0.0468 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date is Monday, April 22nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in Eaton Vance Municipal Bond Fund by 0.7% during the third quarter. Envestnet Asset Management Inc. now owns 150,369 shares of the company’s stock worth $1,456,000 after buying an additional 1,064 shares during the period. Cerity Partners LLC boosted its stake in Eaton Vance Municipal Bond Fund by 12.3% during the fourth quarter. Cerity Partners LLC now owns 12,700 shares of the company’s stock worth $132,000 after buying an additional 1,389 shares during the period. Bank of America Corp DE boosted its stake in Eaton Vance Municipal Bond Fund by 4.9% during the first quarter. Bank of America Corp DE now owns 31,598 shares of the company’s stock worth $329,000 after buying an additional 1,485 shares during the period. Cetera Investment Advisers boosted its stake in Eaton Vance Municipal Bond Fund by 8.0% during the first quarter. Cetera Investment Advisers now owns 22,080 shares of the company’s stock worth $230,000 after buying an additional 1,629 shares during the period. Finally, Private Advisor Group LLC boosted its stake in Eaton Vance Municipal Bond Fund by 15.1% during the first quarter. Private Advisor Group LLC now owns 15,252 shares of the company’s stock worth $175,000 after buying an additional 2,000 shares during the period.

Eaton Vance Municipal Bond Fund Company Profile

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests primarily in high grade municipal obligations. The fund's investment portfolio primarily includes investments in companies operating in the transportation, water and sewer, and electric utilities sectors.