Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Short Interest Update

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 71,700 shares, a growth of 16.4% from the November 15th total of 61,600 shares. Based on an average daily trading volume, of 138,100 shares, the days-to-cover ratio is presently 0.5 days.

Eaton Vance Municipal Bond Fund Price Performance

Shares of EIM traded down $0.07 during mid-day trading on Monday, reaching $10.61. The stock had a trading volume of 199,529 shares, compared to its average volume of 166,374. Eaton Vance Municipal Bond Fund has a 52-week low of $9.72 and a 52-week high of $10.93.

Eaton Vance Municipal Bond Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.0508 per share. The ex-dividend date is Monday, December 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in Eaton Vance Municipal Bond Fund by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 49,895 shares of the company’s stock worth $528,000 after buying an additional 1,073 shares during the period. Centennial Wealth Advisory LLC boosted its stake in Eaton Vance Municipal Bond Fund by 19.6% during the third quarter. Centennial Wealth Advisory LLC now owns 13,537 shares of the company’s stock worth $146,000 after buying an additional 2,214 shares during the period. US Bancorp DE boosted its stake in Eaton Vance Municipal Bond Fund by 555.6% during the third quarter. US Bancorp DE now owns 4,609 shares of the company’s stock worth $50,000 after buying an additional 3,906 shares during the period. Wealth Alliance Advisory Group LLC boosted its stake in Eaton Vance Municipal Bond Fund by 36.8% during the third quarter. Wealth Alliance Advisory Group LLC now owns 17,366 shares of the company’s stock worth $187,000 after buying an additional 4,667 shares during the period. Finally, Horizon Kinetics Asset Management LLC boosted its stake in shares of Eaton Vance Municipal Bond Fund by 26.8% in the third quarter. Horizon Kinetics Asset Management LLC now owns 22,431 shares of the company’s stock valued at $241,000 after purchasing an additional 4,739 shares during the period.

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.