Eaton Vance Municipal Income Trust (NYSE:EVN) Sees Significant Increase in Short Interest

Eaton Vance Municipal Income Trust (NYSE:EVN) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 158,400 shares, a growth of 193.9% from the February 13th total of 53,900 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 118,100 shares, the short-interest ratio is presently 1.3 days.

Eaton Vance Municipal Income Trust Stock Down 1.1 %

Shares of Eaton Vance Municipal Income Trust stock traded down $0.12 on Thursday, reaching $10.45. The company’s stock had a trading volume of 83,972 shares, compared to its average volume of 99,418. Eaton Vance Municipal Income Trust has a 52 week low of $9.79 and a 52 week high of $11.31. The firm’s fifty day simple moving average is $10.44 and its two-hundred day simple moving average is $10.58.

Eaton Vance Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, March 13th will be given a $0.0513 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date is Thursday, March 13th.

Insiders Place Their Bets

In related news, insider Cynthia Frost sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were 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. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Eaton Vance Municipal Income Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Horizon Kinetics Asset Management LLC purchased a new position in shares of Eaton Vance Municipal Income Trust during the third quarter valued at approximately $110,000. Walleye Capital LLC purchased a new stake in Eaton Vance Municipal Income Trust during the 4th quarter valued at $114,000. Ackerman Capital Advisors LLC bought a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at $142,000. Landscape Capital Management L.L.C. bought a new position in shares of Eaton Vance Municipal Income Trust during the 4th quarter valued at $150,000. Finally, one8zero8 LLC purchased a new position in shares of Eaton Vance Municipal Income Trust in the 4th quarter worth $182,000.

Eaton Vance Municipal Income Trust Company Profile

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.