Eaton Vance Municipal Income Trust (NYSE:EVN) Short Interest Update

by · The Cerbat Gem

Eaton Vance Municipal Income Trust (NYSE:EVN – Get Free Report) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 158,400 shares, a growth of 193.9% from the February 13th total of 53,900 shares. Based on an average daily volume of 118,100 shares, the short-interest ratio is presently 1.3 days. Currently, 0.4% of the shares of the company are short sold.

Eaton Vance Municipal Income Trust Stock Performance

Shares of NYSE EVN traded down $0.12 during mid-day trading on Thursday, reaching $10.45. The company’s stock had a trading volume of 83,972 shares, compared to its average volume of 99,418. Eaton Vance Municipal Income Trust has a 52 week low of $9.79 and a 52 week high of $11.31. The stock has a fifty day moving average of $10.44 and a two-hundred day moving average of $10.58.

Eaton Vance Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, March 13th will be given a $0.0513 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.89%.

Insider Activity at Eaton Vance Municipal Income Trust

In related news, insider Cynthia Frost sold 15,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $10.65, for a total value of $159,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

Institutional investors have recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC purchased a new position in shares of Eaton Vance Municipal Income Trust in the third quarter valued at $110,000. HighTower Advisors LLC bought a new stake in shares of Eaton Vance Municipal Income Trust in the 3rd quarter worth about $231,000. Stifel Financial Corp raised its position in shares of Eaton Vance Municipal Income Trust by 33.0% during the 3rd quarter. Stifel Financial Corp now owns 60,867 shares of the investment management company’s stock valued at $668,000 after buying an additional 15,101 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Eaton Vance Municipal Income Trust by 52.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 46,393 shares of the investment management company’s stock valued at $482,000 after acquiring an additional 16,000 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in Eaton Vance Municipal Income Trust by 7.4% during the fourth quarter. Park Avenue Securities LLC now owns 100,354 shares of the investment management company’s stock worth $1,015,000 after acquiring an additional 6,912 shares during the last quarter.

Eaton Vance Municipal Income Trust Company Profile

(Get Free Report)

Eaton Vance Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home.

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