Short Interest in Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Grows By 30.4%

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 21,000 shares, an increase of 30.4% from the January 31st total of 16,100 shares. Based on an average trading volume of 176,100 shares, the days-to-cover ratio is currently 0.1 days.

Eaton Vance Municipal Bond Fund Stock Performance

NYSEAMERICAN EIM traded down $0.02 during trading on Tuesday, hitting $10.25. The company’s stock had a trading volume of 100,534 shares, compared to its average volume of 159,735. The firm’s 50 day moving average is $10.21. Eaton Vance Municipal Bond Fund has a fifty-two week low of $9.89 and a fifty-two week high of $10.93.

Eaton Vance Municipal Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.0508 dividend. This represents a $0.61 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Investors Weigh In On Eaton Vance Municipal Bond Fund

Several institutional investors have recently added to or reduced their stakes in the business. Elequin Capital LP acquired a new stake in shares of Eaton Vance Municipal Bond Fund during the fourth quarter worth about $29,000. Waverly Advisors LLC lifted its holdings in shares of Eaton Vance Municipal Bond Fund by 21.7% during the fourth quarter. Waverly Advisors LLC now owns 17,449 shares of the company’s stock worth $181,000 after purchasing an additional 3,106 shares during the period. Bank of America Corp DE lifted its holdings in shares of Eaton Vance Municipal Bond Fund by 15.9% during the fourth quarter. Bank of America Corp DE now owns 37,945 shares of the company’s stock worth $393,000 after purchasing an additional 5,194 shares during the period. Quarry LP acquired a new stake in shares of Eaton Vance Municipal Bond Fund during the fourth quarter worth about $950,000. Finally, Stifel Financial Corp lifted its holdings in shares of Eaton Vance Municipal Bond Fund by 23.6% during the fourth quarter. Stifel Financial Corp now owns 87,889 shares of the company’s stock worth $911,000 after purchasing an additional 16,779 shares during the period.

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.