Eaton Vance Municipal Income Trust (NYSE:EVN) Sees Large Increase in Short Interest

Eaton Vance Municipal Income Trust (NYSE:EVN) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 118,000 shares, an increase of 21.3% from the August 31st total of 97,300 shares. Based on an average daily volume of 89,800 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVN. Lynx Investment Advisory purchased a new position in shares of Eaton Vance Municipal Income Trust during the 2nd quarter worth $81,000. Quarry LP bought a new position in shares of Eaton Vance Municipal Income Trust in the fourth quarter worth about $99,000. Livelsberger Financial Advisory purchased a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at about $169,000. Integrated Capital Management Inc. grew its stake in shares of Eaton Vance Municipal Income Trust by 10.8% during the 2nd quarter. Integrated Capital Management Inc. now owns 18,323 shares of the investment management company’s stock valued at $190,000 after acquiring an additional 1,786 shares during the period. Finally, Cetera Advisors LLC increased its holdings in Eaton Vance Municipal Income Trust by 66.2% in the 1st quarter. Cetera Advisors LLC now owns 18,894 shares of the investment management company’s stock worth $194,000 after acquiring an additional 7,528 shares in the last quarter.

Eaton Vance Municipal Income Trust Price Performance

Shares of NYSE:EVN traded up $0.01 during trading on Monday, reaching $10.98. The company had a trading volume of 102,272 shares, compared to its average volume of 91,628. Eaton Vance Municipal Income Trust has a 12 month low of $8.64 and a 12 month high of $11.31. The company has a fifty day moving average of $10.80 and a two-hundred day moving average of $10.38.

Eaton Vance Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 13th were issued a dividend of $0.0513 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.61%.

About Eaton Vance Municipal Income Trust

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.