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

Eaton Vance Municipal Income Trust (NYSE:EVN) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 128,000 shares, a decrease of 19.2% from the February 28th total of 158,400 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 118,200 shares, the short-interest ratio is presently 1.1 days.

Eaton Vance Municipal Income Trust Trading Up 0.3 %

Eaton Vance Municipal Income Trust stock opened at $10.31 on Monday. Eaton Vance Municipal Income Trust has a one year low of $9.79 and a one year high of $11.31. The stock has a fifty day moving average of $10.50 and a 200 day moving average of $10.54.

Eaton Vance Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, March 13th were given a dividend of $0.0513 per share. This represents a $0.62 annualized dividend and a dividend yield of 5.97%. The ex-dividend date was Thursday, March 13th.

Insider Activity at Eaton Vance Municipal Income Trust

In other Eaton Vance Municipal Income Trust news, insider Cynthia Frost sold 15,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $10.65, for a total transaction of $159,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC bought a new position in Eaton Vance Municipal Income Trust in the third quarter worth approximately $231,000. Stifel Financial Corp increased its holdings in Eaton Vance Municipal Income Trust by 33.0% in the 3rd quarter. Stifel Financial Corp now owns 60,867 shares of the investment management company’s stock worth $668,000 after acquiring an additional 15,101 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of 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 in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Eaton Vance Municipal Income Trust by 7.4% during the 4th quarter. Park Avenue Securities LLC now owns 100,354 shares of the investment management company’s stock valued at $1,015,000 after buying an additional 6,912 shares in the last quarter. Finally, InTrack Investment Management Inc lifted its stake in shares of Eaton Vance Municipal Income Trust by 93.1% during 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 buying an additional 60,577 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.