Eaton Vance Municipal Income Trust (NYSE:EVN) Short Interest Up 34.0% in November

Eaton Vance Municipal Income Trust (NYSE:EVN) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 70,600 shares, a growth of 34.0% from the October 31st total of 52,700 shares. Based on an average daily volume of 103,700 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EVN. Pathway Financial Advisers LLC increased its position in shares of Eaton Vance Municipal Income Trust by 997.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 7,295 shares of the investment management company’s stock worth $80,000 after purchasing an additional 6,630 shares in the last quarter. Lynx Investment Advisory acquired a new stake in shares of Eaton Vance Municipal Income Trust during the second quarter worth approximately $81,000. Horizon Kinetics Asset Management LLC bought a new position in shares of Eaton Vance Municipal Income Trust in the third quarter valued at approximately $110,000. Integrated Capital Management Inc. boosted its holdings in shares of Eaton Vance Municipal Income Trust by 10.8% in the 2nd quarter. Integrated Capital Management Inc. now owns 18,323 shares of the investment management company’s stock worth $190,000 after acquiring an additional 1,786 shares in the last quarter. Finally, Cetera Advisors LLC boosted its holdings in shares of Eaton Vance Municipal Income Trust by 66.2% in the 1st quarter. Cetera Advisors LLC now owns 18,894 shares of the investment management company’s stock worth $194,000 after acquiring an additional 7,528 shares in the last quarter.

Eaton Vance Municipal Income Trust Trading Up 0.9 %

EVN stock opened at $10.79 on Friday. Eaton Vance Municipal Income Trust has a 1-year low of $9.49 and a 1-year high of $11.31. The business’s 50 day moving average is $10.70 and its 200-day moving average is $10.56.

Eaton Vance Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 11th were given a $0.0513 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date was Friday, November 8th.

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.