Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Shares Shorted: Short Interest Up 69.3% in September

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 132,306 shares, an increase of 69.3% from the September 15th total of 78,135 shares. Based on an average daily trading volume, of 313,074 shares, the days-to-cover ratio is currently 0.4 days.

Insider Buying and Selling at Eaton Vance Municipal Bond Fund

In related news, insider Craig R. Brandon sold 87,567 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $9.12, for a total value of $798,611.04. Following the sale, the insider directly owned 1 shares of the company’s stock, valued at $9.12. This trade represents a 100.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

A number of institutional investors have recently added to or reduced their stakes in EIM. Cresta Advisors Ltd. lifted its stake in Eaton Vance Municipal Bond Fund by 3.0% in the 3rd quarter. Cresta Advisors Ltd. now owns 345,415 shares of the company’s stock valued at $3,133,000 after purchasing an additional 10,000 shares during the last quarter. Robinson Capital Management LLC boosted its position in Eaton Vance Municipal Bond Fund by 0.6% in the second quarter. Robinson Capital Management LLC now owns 1,041,484 shares of the company’s stock valued at $10,378,000 after buying an additional 6,246 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Eaton Vance Municipal Bond Fund during the second quarter worth $51,000. Baird Financial Group Inc. grew its stake in shares of Eaton Vance Municipal Bond Fund by 131.6% during the second quarter. Baird Financial Group Inc. now owns 41,135 shares of the company’s stock worth $410,000 after buying an additional 23,374 shares during the last quarter. Finally, Waverly Advisors LLC grew its stake in shares of Eaton Vance Municipal Bond Fund by 12.0% during the second quarter. Waverly Advisors LLC now owns 24,950 shares of the company’s stock worth $248,000 after buying an additional 2,671 shares during the last quarter.

Eaton Vance Municipal Bond Fund Stock Up 0.5%

NYSEAMERICAN EIM traded up $0.04 during trading on Friday, hitting $8.86. 310,078 shares of the company’s stock were exchanged, compared to its average volume of 162,544. Eaton Vance Municipal Bond Fund has a fifty-two week low of $8.64 and a fifty-two week high of $10.06. The stock’s 50 day moving average price is $9.26 and its two-hundred day moving average price is $9.61.

Eaton Vance Municipal Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a dividend of $0.0508 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.61 annualized dividend and a dividend yield of 6.9%.

Eaton Vance Municipal Bond Fund Company Profile

Eaton Vance Municipal Bond Fund is a closed-end fund traded on the NYSE American under the symbol EIM. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal obligations issued by states, municipalities and other governmental entities.

The fund’s portfolio may include a range of tax-exempt securities, such as general obligation bonds, revenue bonds and other municipal debt instruments. Its investments may finance public infrastructure and services, including education, transportation, utilities and health care.