Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Short Interest Down 16.8% in September

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 27,700 shares, a decrease of 16.8% from the September 15th total of 33,300 shares. Based on an average daily trading volume, of 167,900 shares, the short-interest ratio is presently 0.2 days.

Eaton Vance Municipal Bond Fund Stock Up 0.3 %

Shares of EIM stock traded up $0.03 during trading hours on Wednesday, hitting $10.67. 84,517 shares of the company’s stock traded hands, compared to its average volume of 169,261. Eaton Vance Municipal Bond Fund has a 12 month low of $8.61 and a 12 month high of $10.93.

Eaton Vance Municipal Bond Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd will be given a $0.0508 dividend. This represents a $0.61 annualized dividend and a dividend yield of 5.71%. The ex-dividend date is Wednesday, October 23rd.

Institutional Investors Weigh In On Eaton Vance Municipal Bond Fund

Large investors have recently added to or reduced their stakes in the business. City of London Investment Management Co. Ltd. raised its holdings in shares of Eaton Vance Municipal Bond Fund by 31.2% during the second quarter. City of London Investment Management Co. Ltd. now owns 225,695 shares of the company’s stock valued at $2,388,000 after purchasing an additional 53,701 shares during the period. Rothschild Investment LLC bought a new position in Eaton Vance Municipal Bond Fund in the second quarter worth approximately $999,000. Wealth Alliance Advisory Group LLC bought a new position in Eaton Vance Municipal Bond Fund in the second quarter worth approximately $134,000. Raymond James Trust N.A. acquired a new stake in Eaton Vance Municipal Bond Fund in the second quarter valued at approximately $112,000. Finally, Dakota Wealth Management increased its holdings in shares of Eaton Vance Municipal Bond Fund by 10.4% during the second quarter. Dakota Wealth Management now owns 493,713 shares of the company’s stock valued at $5,223,000 after acquiring an additional 46,576 shares in the last quarter.

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.