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

Eaton Vance Municipal Income Trust (NYSE:EVN) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 128,000 shares, a decline of 19.2% from the February 28th total of 158,400 shares. Based on an average daily trading volume, of 118,200 shares, the short-interest ratio is presently 1.1 days. Approximately 0.3% of the shares of the stock are sold short.

Insider Transactions at Eaton Vance Municipal Income Trust

In other Eaton Vance Municipal Income Trust news, insider Cynthia Frost sold 15,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $10.65, for a total value of $159,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its position in shares of Eaton Vance Municipal Income Trust by 0.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 235,550 shares of the investment management company’s stock worth $2,381,000 after acquiring an additional 1,345 shares in the last quarter. HighTower Advisors LLC grew its position in Eaton Vance Municipal Income Trust by 14.4% during the 4th quarter. HighTower Advisors LLC now owns 24,148 shares of the investment management company’s stock worth $244,000 after purchasing an additional 3,035 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Eaton Vance Municipal Income Trust by 3.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 108,624 shares of the investment management company’s stock valued at $1,098,000 after purchasing an additional 3,145 shares during the period. LPL Financial LLC lifted its holdings in shares of Eaton Vance Municipal Income Trust by 2.3% in the fourth quarter. LPL Financial LLC now owns 151,880 shares of the investment management company’s stock valued at $1,536,000 after purchasing an additional 3,477 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Eaton Vance Municipal Income Trust by 5.8% in the fourth quarter. Stifel Financial Corp now owns 64,384 shares of the investment management company’s stock worth $651,000 after buying an additional 3,517 shares during the period.

Eaton Vance Municipal Income Trust Trading Up 0.8 %

Eaton Vance Municipal Income Trust stock traded up $0.08 during mid-day trading on Tuesday, hitting $10.34. The company’s stock had a trading volume of 44,132 shares, compared to its average volume of 100,921. Eaton Vance Municipal Income Trust has a twelve month low of $9.79 and a twelve month high of $11.31. The stock’s fifty day moving average price is $10.50 and its two-hundred day moving average price is $10.53.

Eaton Vance Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, March 13th were given a dividend of $0.0513 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date was Thursday, March 13th.

Eaton Vance Municipal Income Trust Company Profile

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.