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

Eaton Vance Municipal Income Trust (NYSE:EVN) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 27,300 shares, a growth of 21.9% from the December 15th total of 22,400 shares. Based on an average trading volume of 127,000 shares, the days-to-cover ratio is currently 0.2 days.

Eaton Vance Municipal Income Trust Price Performance

Shares of Eaton Vance Municipal Income Trust stock opened at $10.22 on Friday. Eaton Vance Municipal Income Trust has a 12-month low of $9.68 and a 12-month high of $11.31. The company’s fifty day simple moving average is $10.32 and its two-hundred day simple moving average is $10.58.

Eaton Vance Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Monday, January 13th will be given a dividend of $0.0513 per share. This represents a $0.62 annualized dividend and a dividend yield of 6.02%. The ex-dividend date is Monday, January 13th.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

Institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its position in Eaton Vance Municipal Income Trust by 0.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 235,550 shares of the investment management company’s stock valued at $2,381,000 after acquiring an additional 1,345 shares in the last quarter. InTrack Investment Management Inc lifted its stake in shares of Eaton Vance Municipal Income Trust by 93.1% in the 4th quarter. InTrack Investment Management Inc now owns 125,661 shares of the investment management company’s stock valued at $1,259,000 after purchasing an additional 60,577 shares during the period. Park Avenue Securities LLC boosted its position in shares of Eaton Vance Municipal Income Trust by 7.4% during the fourth quarter. Park Avenue Securities LLC now owns 100,354 shares of the investment management company’s stock valued at $1,015,000 after purchasing an additional 6,912 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Eaton Vance Municipal Income Trust by 52.6% in the third quarter. Sanctuary Advisors LLC now owns 46,393 shares of the investment management company’s stock worth $482,000 after purchasing an additional 16,000 shares during the period. Finally, Stifel Financial Corp raised its holdings in Eaton Vance Municipal Income Trust by 33.0% in the third quarter. Stifel Financial Corp now owns 60,867 shares of the investment management company’s stock worth $668,000 after purchasing an additional 15,101 shares in the last quarter.

About Eaton Vance Municipal Income Trust

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.