Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Shares Shorted: Short Interest Up 69.3% in September

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 132,306 shares, a growth of 69.3% from the September 15th total of 78,135 shares. Based on an average daily volume of 313,074 shares, the short-interest ratio is currently 0.4 days.

Insider Activity

In other news, insider Craig R. Brandon sold 87,567 shares of Eaton Vance Municipal Bond Fund stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $9.12, for a total transaction of $798,611.04. Following the completion of the sale, the insider directly owned 1 shares in the company, valued at $9.12. The trade was a 100.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Uniting Wealth Partners LLC acquired a new position in shares of Eaton Vance Municipal Bond Fund during the second quarter valued at about $759,000. Bank of America Corp DE grew its position in Eaton Vance Municipal Bond Fund by 36.8% in the first quarter. Bank of America Corp DE now owns 78,762 shares of the company’s stock valued at $770,000 after acquiring an additional 21,183 shares during the period. Royal Bank of Canada increased its position in shares of Eaton Vance Municipal Bond Fund by 30.7% during the 1st quarter. Royal Bank of Canada now owns 99,313 shares of the company’s stock worth $970,000 after purchasing an additional 23,314 shares in the last quarter. Waverly Advisors LLC increased its holdings in shares of Eaton Vance Municipal Bond Fund by 21.4% during the first quarter. Waverly Advisors LLC now owns 22,279 shares of the company’s stock worth $218,000 after buying an additional 3,926 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Eaton Vance Municipal Bond Fund by 34.0% in the 1st quarter. Cetera Investment Advisers now owns 30,720 shares of the company’s stock worth $300,000 after acquiring an additional 7,793 shares in the last quarter.

Eaton Vance Municipal Bond Fund Stock Up 0.8%

Shares of EIM stock traded up $0.07 on Thursday, hitting $8.81. The company’s stock had a trading volume of 589,899 shares, compared to its average volume of 160,898. Eaton Vance Municipal Bond Fund has a fifty-two week low of $8.64 and a fifty-two week high of $10.06. The firm’s fifty day moving average price is $9.28 and its 200-day moving average price is $9.61.

Eaton Vance Municipal Bond Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be paid a $0.0508 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Thursday, October 15th.

About Eaton Vance Municipal Bond Fund

Eaton Vance Municipal Bond Fund is a closed-end fund traded on the NYSE American under the symbol EIM. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal obligations issued by states, municipalities and other governmental entities.

The fund’s portfolio may include a range of tax-exempt securities, such as general obligation bonds, revenue bonds and other municipal debt instruments. Its investments may finance public infrastructure and services, including education, transportation, utilities and health care.