Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Short Interest Down 49.5% in May

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 73,380 shares, a drop of 49.5% from the April 30th total of 145,412 shares. Based on an average daily volume of 120,270 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

Several institutional investors have recently bought and sold shares of EIM. Rivernorth Capital Management LLC lifted its position in Eaton Vance Municipal Bond Fund by 187.8% during the fourth quarter. Rivernorth Capital Management LLC now owns 1,590,563 shares of the company’s stock valued at $15,476,000 after purchasing an additional 1,037,886 shares during the last quarter. Fiera Capital Corp bought a new position in Eaton Vance Municipal Bond Fund during the fourth quarter valued at $2,861,000. Rareview Capital LLC bought a new position in Eaton Vance Municipal Bond Fund during the first quarter valued at $2,483,000. Advisors Asset Management Inc. lifted its position in Eaton Vance Municipal Bond Fund by 31.3% during the fourth quarter. Advisors Asset Management Inc. now owns 758,114 shares of the company’s stock valued at $7,376,000 after purchasing an additional 180,772 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in Eaton Vance Municipal Bond Fund during the fourth quarter valued at $883,000.

Eaton Vance Municipal Bond Fund Price Performance

EIM stock traded down $0.07 during trading on Monday, hitting $9.80. 183,628 shares of the company’s stock traded hands, compared to its average volume of 141,457. Eaton Vance Municipal Bond Fund has a 52 week low of $9.41 and a 52 week high of $10.54. The business has a fifty day simple moving average of $9.79 and a 200 day simple moving average of $9.85.

Eaton Vance Municipal Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.0508 per share. The ex-dividend date was Friday, May 15th. This represents a c) annualized dividend and a yield of 6.2%.

Eaton Vance Municipal Bond Fund Company Profile

The Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) is a closed-end management investment company that seeks to provide shareholders with high current income exempt from regular United States federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by state and local governments and their agencies. It may also hold tender option bonds and other municipal derivatives to help manage duration and enhance yield.

Managed by Eaton Vance Management, a leading asset management firm with a history dating back to 1924, the fund leverages the firm’s experience in fixed-income investing.