Eaton Vance Municipal Income Trust (NYSE:EVN - Get Free Report) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 27,300 shares, a growth of 21.9% from the December 31st total of 22,400 shares. Based on an average daily trading volume, of 127,000 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On Eaton Vance Municipal Income Trust
Several hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Eaton Vance Municipal Income Trust during the 3rd quarter valued at about $816,000. Van ECK Associates Corp increased its holdings in shares of Eaton Vance Municipal Income Trust by 30.6% in the fourth quarter. Van ECK Associates Corp now owns 296,961 shares of the investment management company's stock valued at $3,002,000 after purchasing an additional 69,652 shares during the last quarter. InTrack Investment Management Inc increased its holdings in shares of Eaton Vance Municipal Income Trust by 93.1% in the fourth quarter. InTrack Investment Management Inc now owns 125,661 shares of the investment management company's stock valued at $1,259,000 after purchasing an additional 60,577 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Eaton Vance Municipal Income Trust in the second quarter valued at approximately $299,000. Finally, HighTower Advisors LLC purchased a new position in Eaton Vance Municipal Income Trust in the third quarter worth approximately $231,000.
Eaton Vance Municipal Income Trust Price Performance
EVN stock traded up $0.05 during mid-day trading on Tuesday, reaching $10.40. The company had a trading volume of 63,876 shares, compared to its average volume of 102,449. The firm has a 50 day moving average of $10.29 and a 200 day moving average of $10.58. Eaton Vance Municipal Income Trust has a 12 month low of $9.79 and a 12 month high of $11.31.
Eaton Vance Municipal Income Trust Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Wednesday, January 22nd. Investors of record on Monday, January 13th were given a dividend of $0.0513 per share. The ex-dividend date was Monday, January 13th. This represents a $0.62 dividend on an annualized basis and a yield of 5.92%.
About Eaton Vance Municipal Income Trust
(
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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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