Eaton Vance Municipal Income Trust (NYSE:EVN) Short Interest Up 27.2% in April

Eaton Vance Municipal Income Trust (NYSE:EVN) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 59,800 shares, a growth of 27.2% from the March 31st total of 47,000 shares. Based on an average daily volume of 92,600 shares, the short-interest ratio is currently 0.6 days.

Eaton Vance Municipal Income Trust Stock Up 0.3 %

EVN opened at $9.84 on Friday. Eaton Vance Municipal Income Trust has a fifty-two week low of $8.64 and a fifty-two week high of $10.45. The business has a 50-day moving average of $10.12 and a 200-day moving average of $9.79.

Eaton Vance Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 11th were paid a dividend of $0.0461 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend was Wednesday, April 10th.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in EVN. Raymond James Financial Services Advisors Inc. raised its stake in shares of Eaton Vance Municipal Income Trust by 2.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 120,038 shares of the investment management company’s stock worth $1,070,000 after purchasing an additional 3,155 shares in the last quarter. Goodwin Daniel L raised its stake in shares of Eaton Vance Municipal Income Trust by 5.6% in the 3rd quarter. Goodwin Daniel L now owns 85,300 shares of the investment management company’s stock valued at $760,000 after acquiring an additional 4,500 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Eaton Vance Municipal Income Trust by 83.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 18,784 shares of the investment management company’s stock valued at $163,000 after acquiring an additional 8,550 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Eaton Vance Municipal Income Trust by 6.1% in the 3rd quarter. Park Avenue Securities LLC now owns 93,174 shares of the investment management company’s stock valued at $830,000 after acquiring an additional 5,379 shares in the last quarter. Finally, XML Financial LLC raised its stake in shares of Eaton Vance Municipal Income Trust by 58.7% in the 3rd quarter. XML Financial LLC now owns 36,500 shares of the investment management company’s stock valued at $325,000 after acquiring an additional 13,500 shares in the last quarter.

Eaton Vance Municipal Income Trust Company Profile

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.