Eaton Vance Municipal Income Trust (NYSE:EVN) Sees Large Growth in Short Interest

Eaton Vance Municipal Income Trust (NYSE:EVN - Get Free Report) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 158,400 shares, a growth of 193.9% from the February 13th total of 53,900 shares. Currently, 0.4% of the company's shares are short sold. Based on an average daily volume of 118,100 shares, the short-interest ratio is currently 1.3 days.

Insider Activity at Eaton Vance Municipal Income Trust

In related news, insider Cynthia Frost sold 15,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $10.65, for a total transaction of $159,750.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Eaton Vance Municipal Income Trust

Hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its position in shares of Eaton Vance Municipal Income Trust by 30.6% during the fourth quarter. Van ECK Associates Corp now owns 296,961 shares of the investment management company's stock worth $3,002,000 after acquiring an additional 69,652 shares during the period. Stifel Financial Corp grew its stake in Eaton Vance Municipal Income Trust by 33.0% during the 3rd quarter. Stifel Financial Corp now owns 60,867 shares of the investment management company's stock worth $668,000 after purchasing an additional 15,101 shares in the last quarter. Noble Wealth Management PBC purchased a new stake in Eaton Vance Municipal Income Trust during the 4th quarter worth about $519,000. HighTower Advisors LLC acquired a new stake in Eaton Vance Municipal Income Trust in the 3rd quarter valued at about $231,000. Finally, InTrack Investment Management Inc boosted its stake in shares of Eaton Vance Municipal Income Trust by 93.1% in the 4th quarter. InTrack Investment Management Inc now owns 125,661 shares of the investment management company's stock valued at $1,259,000 after buying an additional 60,577 shares during the period.

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Eaton Vance Municipal Income Trust Stock Down 0.5 %

NYSE:EVN traded down $0.05 on Monday, reaching $10.35. 90,388 shares of the company's stock were exchanged, compared to its average volume of 100,019. Eaton Vance Municipal Income Trust has a 52-week low of $9.79 and a 52-week high of $11.31. The business has a fifty day moving average of $10.45 and a 200-day moving average of $10.57.

Eaton Vance Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, March 13th will be paid a dividend of $0.0513 per share. This represents a $0.62 annualized dividend and a yield of 5.95%. The ex-dividend date is Thursday, March 13th.

About Eaton Vance Municipal Income Trust

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.