Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Stock Short Interest Report for September

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 132,306 shares, an increase of 69.3% from the September 15th total of 78,135 shares. Based on an average daily trading volume, of 313,074 shares, the days-to-cover ratio is currently 0.4 days.

Insider Transactions at Eaton Vance Municipal Bond Fund

In other Eaton Vance Municipal Bond Fund news, insider Craig R. Brandon sold 87,567 shares of the firm’s stock in a transaction that occurred 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 owned 1 shares of the company’s stock, valued at $9.12. This trade represents a 100.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new position in Eaton Vance Municipal Bond Fund in the second quarter valued at $51,000. Hollencrest Capital Management raised its stake in Eaton Vance Municipal Bond Fund by 50.4% in the first quarter. Hollencrest Capital Management now owns 7,548 shares of the company’s stock valued at $74,000 after buying an additional 2,528 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Eaton Vance Municipal Bond Fund in the first quarter valued at $112,000. Petra Financial Advisors Inc. raised its stake in Eaton Vance Municipal Bond Fund by 17.2% in the first quarter. Petra Financial Advisors Inc. now owns 17,000 shares of the company’s stock valued at $166,000 after buying an additional 2,500 shares in the last quarter. Finally, Waverly Advisors LLC lifted its holdings in Eaton Vance Municipal Bond Fund by 21.4% during the 1st quarter. Waverly Advisors LLC now owns 22,279 shares of the company’s stock worth $218,000 after buying an additional 3,926 shares during the last quarter.

Eaton Vance Municipal Bond Fund Stock Up 0.5%

Shares of Eaton Vance Municipal Bond Fund stock traded up $0.04 during trading hours on Friday, reaching $8.86. 310,078 shares of the company were exchanged, compared to its average volume of 162,544. The stock’s fifty day moving average is $9.24 and its 200 day moving average is $9.60. Eaton Vance Municipal Bond Fund has a 1 year low of $8.64 and a 1 year high of $10.06.

Eaton Vance Municipal Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a $0.0508 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Thursday, October 15th.

About Eaton Vance Municipal Bond Fund

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.