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

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

Eaton Vance Municipal Income Trust Stock Up 0.2 %

Shares of NYSE EVN traded up $0.02 during midday trading on Wednesday, reaching $10.38. 58,013 shares of the stock traded hands, compared to its average volume of 100,579. The company’s 50 day moving average is $10.50 and its 200 day moving average is $10.53. Eaton Vance Municipal Income Trust has a one year low of $9.79 and a one year high of $11.31.

Eaton Vance Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 21st. Shareholders of record on Thursday, March 13th were paid a $0.0513 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.93%.

Insider Activity

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

Institutional Trading of Eaton Vance Municipal Income Trust

A number of large investors have recently made changes to their positions in EVN. Raymond James Financial Inc. purchased a new position in Eaton Vance Municipal Income Trust in the fourth quarter worth about $6,817,000. Van ECK Associates Corp boosted its holdings in shares of Eaton Vance Municipal Income Trust by 30.6% in the 4th quarter. Van ECK Associates Corp now owns 296,961 shares of the investment management company’s stock worth $3,002,000 after purchasing an additional 69,652 shares during the period. Leigh Baldwin & CO. LLC bought a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at approximately $2,681,000. Bank of America Corp DE raised its holdings in Eaton Vance Municipal Income Trust by 4.6% during the 4th quarter. Bank of America Corp DE now owns 254,071 shares of the investment management company’s stock valued at $2,569,000 after buying an additional 11,080 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in 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 buying an additional 1,345 shares during the last quarter.

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.