Eaton Vance Municipal Income Trust (NYSE:EVN) Short Interest Update
by Tristan Rich · The Markets DailyEaton Vance Municipal Income Trust (NYSE:EVN – Get Free Report) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 84,460 shares, a drop of 47.0% from the July 15th total of 159,225 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 78,489 shares, the short-interest ratio is presently 1.1 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Guggenheim Capital LLC raised its stake in shares of Eaton Vance Municipal Income Trust by 17.7% in the fourth quarter. Guggenheim Capital LLC now owns 957,988 shares of the investment management company’s stock worth $10,308,000 after buying an additional 143,896 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Eaton Vance Municipal Income Trust by 12.0% during the 2nd quarter. Raymond James Financial Inc. now owns 797,595 shares of the investment management company’s stock valued at $8,159,000 after purchasing an additional 85,737 shares during the last quarter. Meadowbrook Wealth Management LLC purchased a new position in shares of Eaton Vance Municipal Income Trust during the second quarter valued at about $502,000. Bank of America Corp DE boosted its position in shares of Eaton Vance Municipal Income Trust by 14.1% during the 2nd quarter. Bank of America Corp DE now owns 342,870 shares of the investment management company’s stock valued at $3,508,000 after acquiring an additional 42,332 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of Eaton Vance Municipal Income Trust by 23.5% during the 4th quarter. LPL Financial LLC now owns 203,743 shares of the investment management company’s stock valued at $2,192,000 after buying an additional 38,710 shares in the last quarter.
Eaton Vance Municipal Income Trust Trading Up 0.0%
Shares of Eaton Vance Municipal Income Trust stock traded up $0.01 during trading on Tuesday, hitting $10.77. 51,211 shares of the company’s stock traded hands, compared to its average volume of 79,110. The business has a 50-day simple moving average of $10.88 and a 200-day simple moving average of $10.77. Eaton Vance Municipal Income Trust has a 1 year low of $10.09 and a 1 year high of $11.26.
Eaton Vance Municipal Income Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Thursday, August 13th will be given a $0.0513 dividend. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 13th.
About Eaton Vance Municipal Income Trust
Eaton Vance Municipal Income Trust (NYSE: EVN) is a closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. The trust primarily invests in investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. By focusing on tax-exempt income, EVN aims to deliver attractive after-tax yields to individual and institutional investors.
The fund’s portfolio is diversified across sectors such as general obligation bonds, revenue bonds, essential service issuers and housing finance agencies.