Short Interest in Eaton Vance Municipal Income Trust (NYSE:EVN) Rises By 106.8%

Eaton Vance Municipal Income Trust (NYSE:EVN) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 55,000 shares, a growth of 106.8% from the June 30th total of 26,600 shares. Based on an average daily volume of 84,400 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of EVN. Gridiron Partners LLC acquired a new position in shares of Eaton Vance Municipal Income Trust in the 4th quarter valued at $826,000. Robinson Capital Management LLC lifted its stake in Eaton Vance Municipal Income Trust by 13.1% in the fourth quarter. Robinson Capital Management LLC now owns 583,003 shares of the investment management company’s stock valued at $5,725,000 after buying an additional 67,473 shares during the period. International Assets Investment Management LLC bought a new position in Eaton Vance Municipal Income Trust during the fourth quarter worth about $6,578,000. InTrack Investment Management Inc grew its position in shares of Eaton Vance Municipal Income Trust by 76.4% during the 2nd quarter. InTrack Investment Management Inc now owns 94,013 shares of the investment management company’s stock worth $973,000 after buying an additional 40,712 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Eaton Vance Municipal Income Trust by 14.8% in the 4th quarter. Van ECK Associates Corp now owns 299,130 shares of the investment management company’s stock valued at $2,937,000 after acquiring an additional 38,467 shares during the last quarter.

Eaton Vance Municipal Income Trust Stock Up 0.6 %

EVN stock traded up $0.06 during midday trading on Friday, hitting $10.60. The stock had a trading volume of 100,666 shares, compared to its average volume of 79,801. Eaton Vance Municipal Income Trust has a 52 week low of $8.64 and a 52 week high of $10.64. The stock has a 50-day simple moving average of $10.27 and a 200 day simple moving average of $10.15.

Eaton Vance Municipal Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, July 18th. Stockholders of record on Thursday, July 11th were paid a $0.0513 dividend. This represents a $0.62 annualized dividend and a dividend yield of 5.81%. The ex-dividend date was Thursday, July 11th. This is a positive change from Eaton Vance Municipal Income Trust’s previous monthly dividend of $0.05.

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.