Short Interest in Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Expands By 48.1%

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 34,800 shares, a growth of 48.1% from the February 28th total of 23,500 shares. Based on an average trading volume of 174,500 shares, the short-interest ratio is currently 0.2 days.

Eaton Vance Municipal Bond Fund Price Performance

Shares of Eaton Vance Municipal Bond Fund stock traded up $0.06 on Friday, reaching $9.95. The company’s stock had a trading volume of 113,812 shares, compared to its average volume of 157,006. The business has a 50-day simple moving average of $10.14. Eaton Vance Municipal Bond Fund has a 52-week low of $9.88 and a 52-week high of $10.93.

Eaton Vance Municipal Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.0508 per share. This represents a $0.61 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date is Friday, March 14th.

Institutional Trading of Eaton Vance Municipal Bond Fund

Several institutional investors have recently modified their holdings of the stock. Elequin Capital LP purchased a new position in Eaton Vance Municipal Bond Fund in the 4th quarter valued at about $29,000. Waverly Advisors LLC lifted its position in shares of Eaton Vance Municipal Bond Fund by 21.7% in the fourth quarter. Waverly Advisors LLC now owns 17,449 shares of the company’s stock valued at $181,000 after acquiring an additional 3,106 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Eaton Vance Municipal Bond Fund by 15.9% in the fourth quarter. Bank of America Corp DE now owns 37,945 shares of the company’s stock worth $393,000 after acquiring an additional 5,194 shares during the last quarter. Quarry LP purchased a new stake in shares of Eaton Vance Municipal Bond Fund during the fourth quarter worth approximately $950,000. Finally, Stifel Financial Corp raised its stake in Eaton Vance Municipal Bond Fund by 23.6% in the 4th quarter. Stifel Financial Corp now owns 87,889 shares of the company’s stock valued at $911,000 after purchasing an additional 16,779 shares during the last quarter.

Eaton Vance Municipal Bond Fund Company Profile

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests primarily in high grade municipal obligations. The fund's investment portfolio primarily includes investments in companies operating in the transportation, water and sewer, and electric utilities sectors.