Short Interest in Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Expands By 60.7%

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 51,524 shares, a growth of 60.7% from the August 15th total of 32,067 shares. Based on an average daily trading volume, of 131,232 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Eaton Vance Municipal Bond Fund

Several large investors have recently made changes to their positions in the company. Rivernorth Capital Management LLC lifted its holdings in Eaton Vance Municipal Bond Fund by 1.3% in the 1st quarter. Rivernorth Capital Management LLC now owns 1,610,948 shares of the company’s stock valued at $15,739,000 after purchasing an additional 20,385 shares in the last quarter. Robinson Capital Management LLC boosted its stake in Eaton Vance Municipal Bond Fund by 0.6% during the 2nd quarter. Robinson Capital Management LLC now owns 1,041,484 shares of the company’s stock worth $10,378,000 after purchasing an additional 6,246 shares during the last quarter. Rareview Capital LLC grew its holdings in shares of Eaton Vance Municipal Bond Fund by 52.7% during the second quarter. Rareview Capital LLC now owns 392,059 shares of the company’s stock worth $3,791,000 after buying an additional 135,299 shares in the last quarter. Fiera Capital Corp purchased a new stake in shares of Eaton Vance Municipal Bond Fund during the fourth quarter worth $2,861,000. Finally, Cura Wealth Advisors LLC raised its position in shares of Eaton Vance Municipal Bond Fund by 4.1% in the first quarter. Cura Wealth Advisors LLC now owns 254,149 shares of the company’s stock valued at $2,483,000 after buying an additional 10,000 shares during the last quarter.

Eaton Vance Municipal Bond Fund Trading Up 1.3%

EIM stock opened at $9.17 on Friday. Eaton Vance Municipal Bond Fund has a 12-month low of $9.04 and a 12-month high of $10.07. The business’s 50-day moving average is $9.60 and its 200 day moving average is $9.75.

Eaton Vance Municipal Bond Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0508 dividend. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Tuesday, September 15th.

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.