Short Interest in Eaton Vance Municipal Income Trust (NYSE:EVN) Rises By 133.4%

Eaton Vance Municipal Income Trust (NYSE:EVN) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 93,022 shares, a growth of 133.4% from the April 30th total of 39,857 shares. Based on an average trading volume of 99,133 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Trading of Eaton Vance Municipal Income Trust

Large investors have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co purchased a new stake in Eaton Vance Municipal Income Trust in the fourth quarter valued at $54,000. First Trust Advisors LP purchased a new position in shares of Eaton Vance Municipal Income Trust in the 1st quarter valued at $105,000. Glen Eagle Advisors LLC purchased a new stake in Eaton Vance Municipal Income Trust in the fourth quarter valued at approximately $111,000. Belpointe Asset Management LLC acquired a new stake in shares of Eaton Vance Municipal Income Trust during the third quarter worth about $138,000. Finally, &PARTNERS purchased a new stake in shares of Eaton Vance Municipal Income Trust during the fourth quarter worth approximately $142,000.

Eaton Vance Municipal Income Trust Stock Performance

EVN traded up $0.09 during midday trading on Tuesday, hitting $10.84. 167,305 shares of the company traded hands, compared to its average volume of 81,341. The business has a 50 day simple moving average of $10.53 and a two-hundred day simple moving average of $10.77. Eaton Vance Municipal Income Trust has a 52-week low of $10.09 and a 52-week high of $11.23.

Eaton Vance Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Friday, June 12th will be paid a $0.0513 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%.

About Eaton Vance Municipal Income Trust

Eaton Vance Municipal Income Trust (NYSE: EVN) is a closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. The trust primarily invests in investment-grade municipal securities issued by U.S. state and local governments, authorities and agencies. By focusing on tax-exempt income, EVN aims to deliver attractive after-tax yields to individual and institutional investors.

The fund’s portfolio is diversified across sectors such as general obligation bonds, revenue bonds, essential service issuers and housing finance agencies.