Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Shares Shorted: Short Interest Up 51.6% in September

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 78,135 shares, an increase of 51.6% from the August 31st total of 51,524 shares. Based on an average daily volume of 189,570 shares, the short-interest ratio is currently 0.4 days.

Insider Activity at Eaton Vance Municipal Bond Fund

In related news, insider Craig R. Brandon sold 87,567 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $9.12, for a total value of $798,611.04. Following the sale, the insider directly owned 1 shares of the company’s stock, valued at $9.12. This trade represents a 100.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EIM. Robinson Capital Management LLC lifted its position in shares of Eaton Vance Municipal Bond Fund by 0.6% during the 2nd quarter. Robinson Capital Management LLC now owns 1,041,484 shares of the company’s stock valued at $10,378,000 after buying an additional 6,246 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Eaton Vance Municipal Bond Fund during the second quarter worth $51,000. Baird Financial Group Inc. increased its position in Eaton Vance Municipal Bond Fund by 131.6% during the second quarter. Baird Financial Group Inc. now owns 41,135 shares of the company’s stock worth $410,000 after acquiring an additional 23,374 shares during the period. Waverly Advisors LLC increased its holdings in shares of Eaton Vance Municipal Bond Fund by 12.0% in the second quarter. Waverly Advisors LLC now owns 24,950 shares of the company’s stock worth $248,000 after purchasing an additional 2,671 shares during the last quarter. Finally, Readystate Asset Management LP purchased a new stake in Eaton Vance Municipal Bond Fund in the 2nd quarter worth about $605,000.

Eaton Vance Municipal Bond Fund Price Performance

NYSEAMERICAN EIM traded up $0.01 on Friday, hitting $9.07. The stock had a trading volume of 6,790 shares, compared to its average volume of 153,972. Eaton Vance Municipal Bond Fund has a 52-week low of $8.64 and a 52-week high of $10.06. The business’s fifty day moving average price is $9.42 and its 200 day moving average price is $9.67.

Eaton Vance Municipal Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be given a $0.0508 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Thursday, October 15th.

About Eaton Vance Municipal Bond Fund

Eaton Vance Municipal Bond Fund (NYSE American: EIM) is a closed-end investment fund managed by Eaton Vance Management, an investment management firm within Morgan Stanley Investment Management. The fund seeks to provide current income that is exempt from regular federal income tax.

The fund invests primarily in municipal obligations issued by states, municipalities, and other public entities in the United States. Its portfolio may include a range of tax-exempt securities with varying maturities, credit qualities, and structures, allowing the fund to pursue income while managing interest-rate and credit risk.

Eaton Vance Municipal Bond Fund was formerly known as Eaton Vance Municipal Income Trust.