Short Interest in Eaton Vance Municipal Income Trust (NYSE:EVN) Rises By 21.3%

Eaton Vance Municipal Income Trust (NYSE:EVN) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 118,000 shares, an increase of 21.3% from the August 31st total of 97,300 shares. Based on an average daily volume of 89,800 shares, the days-to-cover ratio is presently 1.3 days.

Eaton Vance Municipal Income Trust Trading Up 0.1 %

Shares of Eaton Vance Municipal Income Trust stock traded up $0.01 during trading hours on Monday, reaching $10.97. 102,272 shares of the stock traded hands, compared to its average volume of 91,628. The company has a 50 day moving average price of $10.80 and a 200 day moving average price of $10.38. Eaton Vance Municipal Income Trust has a one year low of $8.64 and a one year high of $11.31.

Eaton Vance Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 13th were paid a dividend of $0.0513 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.61%.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

Large investors have recently made changes to their positions in the company. Lynx Investment Advisory bought a new position in shares of Eaton Vance Municipal Income Trust during the 2nd quarter valued at approximately $81,000. Quarry LP bought a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at approximately $99,000. Livelsberger Financial Advisory bought a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at approximately $169,000. Integrated Capital Management Inc. lifted its holdings in Eaton Vance Municipal Income Trust by 10.8% in the 2nd quarter. Integrated Capital Management Inc. now owns 18,323 shares of the investment management company’s stock worth $190,000 after purchasing an additional 1,786 shares in the last quarter. Finally, Cetera Advisors LLC lifted its holdings in Eaton Vance Municipal Income Trust by 66.2% in the 1st quarter. Cetera Advisors LLC now owns 18,894 shares of the investment management company’s stock worth $194,000 after purchasing an additional 7,528 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.