Short Interest in Eaton Vance Municipal Income Trust (NYSE:EVN) Decreases By 32.4%

Eaton Vance Municipal Income Trust (NYSE:EVN - Get Free Report) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 46,000 shares, a decrease of 32.4% from the January 15th total of 68,000 shares. Based on an average daily volume of 122,500 shares, the days-to-cover ratio is presently 0.4 days.

Eaton Vance Municipal Income Trust Stock Performance

NYSE EVN traded down $0.01 during trading hours on Tuesday, reaching $10.63. 171,446 shares of the company were exchanged, compared to its average volume of 101,447. Eaton Vance Municipal Income Trust has a 1 year low of $9.79 and a 1 year high of $11.31. The business's 50 day simple moving average is $10.26 and its 200-day simple moving average is $10.58.

Eaton Vance Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 24th. Investors of record on Thursday, February 13th will be paid a $0.0513 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date is Thursday, February 13th.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in Eaton Vance Municipal Income Trust in the 4th quarter worth about $6,817,000. Van ECK Associates Corp increased its stake in Eaton Vance Municipal Income Trust by 30.6% in the 4th 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 last quarter. Raymond James & Associates raised its holdings in shares of Eaton Vance Municipal Income Trust by 0.4% in the 3rd quarter. Raymond James & Associates now owns 274,966 shares of the investment management company's stock valued at $3,016,000 after acquiring an additional 1,210 shares in the last quarter. Leigh Baldwin & CO. LLC bought a new stake in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at about $2,681,000. Finally, Bank of America Corp DE grew its holdings in shares of Eaton Vance Municipal Income Trust by 4.6% during the fourth quarter. Bank of America Corp DE now owns 254,071 shares of the investment management company's stock worth $2,569,000 after purchasing an additional 11,080 shares in the last quarter.

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.