Short Interest in Eaton Vance California Municipal Income Trust (NYSEAMERICAN:CEV) Grows By 192.9%

Eaton Vance California Municipal Income Trust (NYSEAMERICAN:CEV – Get Rating) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 4,100 shares, a growth of 192.9% from the April 30th total of 1,400 shares. Based on an average daily volume of 27,100 shares, the short-interest ratio is currently 0.2 days.

Shares of CEV traded up $0.24 during mid-day trading on Friday, reaching $11.16. The stock had a trading volume of 52,859 shares, compared to its average volume of 24,635. Eaton Vance California Municipal Income Trust has a 12 month low of $10.18 and a 12 month high of $14.55.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, May 19th. Shareholders of record on Thursday, May 12th were given a dividend of $0.0471 per share. The ex-dividend date was Wednesday, May 11th. This represents a $0.57 annualized dividend and a yield of 5.06%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings in Eaton Vance California Municipal Income Trust by 182.0% during the 1st quarter. Advisors Asset Management Inc. now owns 60,902 shares of the company’s stock worth $699,000 after acquiring an additional 39,305 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Eaton Vance California Municipal Income Trust by 14.8% in the 1st quarter. Guggenheim Capital LLC now owns 105,677 shares of the company’s stock worth $1,213,000 after purchasing an additional 13,656 shares in the last quarter. UBS Group AG boosted its stake in Eaton Vance California Municipal Income Trust by 6.7% in the 1st quarter. UBS Group AG now owns 82,217 shares of the company’s stock worth $944,000 after purchasing an additional 5,129 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in Eaton Vance California Municipal Income Trust in the 1st quarter worth approximately $192,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Eaton Vance California Municipal Income Trust by 78.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,412 shares of the company’s stock worth $85,000 after buying an additional 3,249 shares during the last quarter.

About Eaton Vance California Municipal Income Trust (Get Rating)

Eaton Vance California 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 debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors.

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