Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Sees Large Increase in Short Interest

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 59,800 shares, a growth of 65.2% from the October 15th total of 36,200 shares. Based on an average daily volume of 141,800 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. US Bancorp DE grew its position in Eaton Vance Municipal Bond Fund by 555.6% during the 3rd quarter. US Bancorp DE now owns 4,609 shares of the company’s stock worth $50,000 after acquiring an additional 3,906 shares during the last quarter. Daymark Wealth Partners LLC bought a new position in shares of Eaton Vance Municipal Bond Fund in the second quarter worth approximately $106,000. Islay Capital Management LLC purchased a new position in shares of Eaton Vance Municipal Bond Fund in the third quarter worth $108,000. Raymond James Trust N.A. bought a new stake in Eaton Vance Municipal Bond Fund during the 2nd quarter valued at $112,000. Finally, Private Advisor Group LLC purchased a new stake in Eaton Vance Municipal Bond Fund during the 3rd quarter valued at $120,000.

Eaton Vance Municipal Bond Fund Stock Down 0.1 %

Shares of Eaton Vance Municipal Bond Fund stock opened at $10.47 on Wednesday. Eaton Vance Municipal Bond Fund has a 52-week low of $9.23 and a 52-week high of $10.93.

Eaton Vance Municipal Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.0508 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.61 annualized dividend and a yield of 5.82%.

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.