Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Short Interest Up 48.1% in March

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 34,800 shares, a growth of 48.1% from the February 28th total of 23,500 shares. Based on an average trading volume of 174,500 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Eaton Vance Municipal Bond Fund

A number of institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Eaton Vance Municipal Bond Fund during the 4th quarter worth approximately $6,305,000. Sit Investment Associates Inc. increased its holdings in Eaton Vance Municipal Bond Fund by 57.5% during the 4th quarter. Sit Investment Associates Inc. now owns 1,438,451 shares of the company’s stock worth $14,902,000 after purchasing an additional 524,967 shares during the period. Absolute Investment Advisers LLC purchased a new position in shares of Eaton Vance Municipal Bond Fund in the 4th quarter valued at about $2,456,000. Hennion & Walsh Asset Management Inc. raised its holdings in Eaton Vance Municipal Bond Fund by 33.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 914,996 shares of the company’s stock valued at $9,479,000 after acquiring an additional 229,877 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in Eaton Vance Municipal Bond Fund in the third quarter worth approximately $1,901,000.

Eaton Vance Municipal Bond Fund Stock Up 0.2 %

EIM stock traded up $0.02 during midday trading on Monday, hitting $9.97. 105,485 shares of the company’s stock were exchanged, compared to its average volume of 156,801. Eaton Vance Municipal Bond Fund has a 1-year low of $9.88 and a 1-year high of $10.93. The company’s 50-day simple moving average is $10.14.

Eaton Vance Municipal Bond Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0508 per share. This represents a $0.61 annualized dividend and a yield of 6.11%. The ex-dividend date is Friday, March 14th.

About Eaton Vance Municipal Bond Fund

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.