Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Stock Short Interest Drops 66.3%

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 44,586 shares, a decline of 66.3% from the September 30th total of 132,306 shares. Based on an average daily volume of 300,701 shares, the short-interest ratio is presently 0.1 days.

Insider Buying and Selling at Eaton Vance Municipal Bond Fund

In other news, insider Craig R. Brandon sold 87,567 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $9.12, for a total value of $798,611.04. Following the completion of the transaction, the insider directly owned 1 shares in the company, valued at approximately $9.12. This represents a 100.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EIM. SMH Capital Advisors Inc. acquired a new stake in Eaton Vance Municipal Bond Fund in the third quarter valued at $120,000. Wedbush Securities Inc. boosted its stake in Eaton Vance Municipal Bond Fund by 99.9% during the 3rd quarter. Wedbush Securities Inc. now owns 45,293 shares of the company’s stock valued at $411,000 after acquiring an additional 22,637 shares during the last quarter. Cresta Advisors Ltd. grew its holdings in Eaton Vance Municipal Bond Fund by 3.0% during the 3rd quarter. Cresta Advisors Ltd. now owns 345,415 shares of the company’s stock worth $3,133,000 after acquiring an additional 10,000 shares in the last quarter. Robinson Capital Management LLC grew its holdings in Eaton Vance Municipal Bond Fund by 0.6% during the 2nd quarter. Robinson Capital Management LLC now owns 1,041,484 shares of the company’s stock worth $10,378,000 after acquiring an additional 6,246 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in Eaton Vance Municipal Bond Fund during the 2nd quarter worth $51,000.

Eaton Vance Municipal Bond Fund Stock Performance

EIM stock traded up $0.03 during trading on Friday, reaching $9.15. The stock had a trading volume of 299,705 shares, compared to its average volume of 174,578. Eaton Vance Municipal Bond Fund has a 1-year low of $8.64 and a 1-year high of $10.06. The firm has a fifty day moving average price of $9.11 and a 200 day moving average price of $9.65.

Eaton Vance Municipal Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0508 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Thursday, October 15th.

Eaton Vance Municipal Bond Fund Company Profile

Eaton Vance Municipal Bond Fund is a closed-end fund traded on the NYSE American under the symbol EIM. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal obligations issued by states, municipalities and other governmental entities.

The fund’s portfolio may include a range of tax-exempt securities, such as general obligation bonds, revenue bonds and other municipal debt instruments. Its investments may finance public infrastructure and services, including education, transportation, utilities and health care.