Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Sees Significant Decline in Short Interest

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 44,586 shares, a decline of 66.3% from the September 30th total of 132,306 shares. Based on an average daily trading volume, of 300,701 shares, the short-interest ratio is presently 0.1 days.

Eaton Vance Municipal Bond Fund Trading Up 0.6%

Shares of NYSEAMERICAN:EIM traded up $0.05 during trading on Thursday, hitting $9.12. 197,208 shares of the company were exchanged, compared to its average volume of 173,976. Eaton Vance Municipal Bond Fund has a 52-week low of $8.64 and a 52-week high of $10.06. The stock has a 50 day moving average of $9.12 and a 200 day moving average of $9.65.

Eaton Vance Municipal Bond Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a $0.0508 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.61 annualized dividend and a yield of 6.7%.

Insiders Place Their Bets

In other Eaton Vance Municipal Bond Fund news, insider Craig R. Brandon sold 87,567 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $9.12, for a total transaction of $798,611.04. Following the sale, the insider owned 1 shares of the company’s stock, valued at $9.12. The trade was a 100.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Investors Weigh In On Eaton Vance Municipal Bond Fund

Several hedge funds and other institutional investors have recently modified their holdings of EIM. Petra Financial Advisors Inc. lifted its holdings in shares of Eaton Vance Municipal Bond Fund by 17.2% in the first quarter. Petra Financial Advisors Inc. now owns 17,000 shares of the company’s stock worth $166,000 after buying an additional 2,500 shares in the last quarter. Hollencrest Capital Management grew its stake in Eaton Vance Municipal Bond Fund by 50.4% during the first quarter. Hollencrest Capital Management now owns 7,548 shares of the company’s stock valued at $74,000 after acquiring an additional 2,528 shares in the last quarter. Waverly Advisors LLC grew its stake in Eaton Vance Municipal Bond Fund by 12.0% during the second quarter. Waverly Advisors LLC now owns 24,950 shares of the company’s stock valued at $248,000 after acquiring an additional 2,671 shares in the last quarter. High Net Worth Advisory Group LLC grew its stake in Eaton Vance Municipal Bond Fund by 22.8% during the second quarter. High Net Worth Advisory Group LLC now owns 24,773 shares of the company’s stock valued at $247,000 after acquiring an additional 4,597 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in Eaton Vance Municipal Bond Fund during the 2nd quarter worth approximately $51,000.

Eaton Vance Municipal Bond Fund Company Profile

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.