Eaton Vance Municipal Income Trust (NYSE:EVN - Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 128,000 shares, a decrease of 19.2% from the February 28th total of 158,400 shares. Based on an average daily volume of 118,200 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.3% of the shares of the stock are sold short.
Insider Transactions at Eaton Vance Municipal Income Trust
In other news, insider Cynthia Frost sold 15,000 shares of Eaton Vance Municipal Income Trust 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVN. Walleye Capital LLC bought a new stake in Eaton Vance Municipal Income Trust during the fourth quarter worth about $114,000. Ackerman Capital Advisors LLC purchased a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at about $142,000. Landscape Capital Management L.L.C. bought a new stake in Eaton Vance Municipal Income Trust in the 4th quarter worth approximately $150,000. one8zero8 LLC purchased a new stake in Eaton Vance Municipal Income Trust in the fourth quarter worth approximately $182,000. Finally, HighTower Advisors LLC bought a new position in Eaton Vance Municipal Income Trust during the third quarter valued at approximately $231,000.
Eaton Vance Municipal Income Trust Trading Down 1.9 %
EVN traded down $0.20 on Friday, reaching $10.11. The company had a trading volume of 133,847 shares, compared to its average volume of 100,797. 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 50 day simple moving average of $10.50 and a 200 day simple moving average of $10.52.
Eaton Vance Municipal Income Trust Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 11th will be issued a dividend of $0.0513 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date of this dividend is Friday, April 11th.
Eaton Vance Municipal Income Trust Company Profile
(
Get Free Report)
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.
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