Eaton Vance Municipal Bond Fund (NYSE:EIM) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 74,659 shares, an increase of 194.2% from the July 31st total of 25,376 shares. Based on an average trading volume of 149,309 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Several hedge funds have recently added to or reduced their stakes in EIM. Janney Montgomery Scott LLC increased its stake in Eaton Vance Municipal Bond Fund by 6.6% in the second quarter. Janney Montgomery Scott LLC now owns 23,045 shares of the company’s stock worth $292,000 after buying an additional 1,425 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in Eaton Vance Municipal Bond Fund by 1.0% in the second quarter. JFS Wealth Advisors LLC now owns 189,666 shares of the company’s stock worth $2,407,000 after buying an additional 1,883 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Eaton Vance Municipal Bond Fund by 0.7% in the second quarter. Advisors Asset Management Inc. now owns 426,314 shares of the company’s stock worth $5,410,000 after buying an additional 2,980 shares during the last quarter. SG Americas Securities LLC increased its stake in Eaton Vance Municipal Bond Fund by 40.1% in the second quarter. SG Americas Securities LLC now owns 25,667 shares of the company’s stock worth $326,000 after buying an additional 7,351 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Eaton Vance Municipal Bond Fund by 0.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 16,691 shares of the company’s stock worth $212,000 after buying an additional 51 shares during the last quarter.

Shares of Eaton Vance Municipal Bond Fund (EIM) opened at 12.87 on Tuesday. Eaton Vance Municipal Bond Fund has a 1-year low of $12.00 and a 1-year high of $13.96. The firm has a 50-day moving average price of $12.83 and a 200-day moving average price of $12.63.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th will be paid a dividend of $0.0521 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date is Tuesday, August 22nd.

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About Eaton Vance Municipal Bond Fund

Eaton Vance Municipal Bond Fund is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state specific funds, taxes in its specified state. The Fund invests primarily in debt securities issued by municipalities.

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