Short Interest in Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Rises By 6.8%

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 48,600 shares, a growth of 6.8% from the June 30th total of 45,500 shares. Based on an average daily trading volume, of 151,600 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its stake in Eaton Vance Municipal Bond Fund by 21.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,285,669 shares of the company’s stock worth $13,024,000 after purchasing an additional 223,036 shares during the last quarter. Mathes Company Inc. bought a new stake in shares of Eaton Vance Municipal Bond Fund during the fourth quarter valued at approximately $1,230,000. Robinson Capital Management LLC raised its stake in Eaton Vance Municipal Bond Fund by 10.1% in the fourth quarter. Robinson Capital Management LLC now owns 355,382 shares of the company’s stock worth $3,574,000 after buying an additional 32,566 shares in the last quarter. Weiss Asset Management LP bought a new position in Eaton Vance Municipal Bond Fund in the fourth quarter worth approximately $883,000. Finally, Karpus Management Inc. raised its stake in Eaton Vance Municipal Bond Fund by 25.9% in the fourth quarter. Karpus Management Inc. now owns 10,330,094 shares of the company’s stock worth $104,644,000 after buying an additional 2,123,154 shares in the last quarter.

Eaton Vance Municipal Bond Fund Stock Up 0.7 %

Eaton Vance Municipal Bond Fund stock traded up $0.07 during mid-day trading on Thursday, hitting $10.46. The stock had a trading volume of 276,762 shares, compared to its average volume of 179,272. Eaton Vance Municipal Bond Fund has a one year low of $8.61 and a one year high of $10.75.

Eaton Vance Municipal Bond Fund Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd were given a $0.0508 dividend. The ex-dividend date of this dividend was Tuesday, July 23rd. This represents a $0.61 annualized dividend and a yield of 5.83%. This is a positive change from Eaton Vance Municipal Bond Fund’s previous monthly dividend of $0.05.

Eaton Vance Municipal Bond Fund Company Profile

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests primarily in high grade municipal obligations. The fund's investment portfolio primarily includes investments in companies operating in the transportation, water and sewer, and electric utilities sectors.