Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Short Interest Up 30.4% in February

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 21,000 shares, an increase of 30.4% from the January 31st total of 16,100 shares. Based on an average daily volume of 176,100 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Eaton Vance Municipal Bond Fund

A number of large investors have recently added to or reduced their stakes in the company. Elequin Capital LP purchased a new position in shares of Eaton Vance Municipal Bond Fund during the 4th quarter valued at approximately $29,000. Waverly Advisors LLC boosted its stake in Eaton Vance Municipal Bond Fund by 21.7% during the 4th quarter. Waverly Advisors LLC now owns 17,449 shares of the company’s stock valued at $181,000 after acquiring an additional 3,106 shares during the last quarter. Bank of America Corp DE boosted its stake in Eaton Vance Municipal Bond Fund by 15.9% during the 4th quarter. Bank of America Corp DE now owns 37,945 shares of the company’s stock valued at $393,000 after acquiring an additional 5,194 shares during the last quarter. Quarry LP acquired a new position in Eaton Vance Municipal Bond Fund during the 4th quarter worth $950,000. Finally, Stifel Financial Corp increased its position in shares of Eaton Vance Municipal Bond Fund by 23.6% in the 4th quarter. Stifel Financial Corp now owns 87,889 shares of the company’s stock worth $911,000 after purchasing an additional 16,779 shares during the last quarter.

Eaton Vance Municipal Bond Fund Stock Performance

Shares of NYSEAMERICAN:EIM traded down $0.03 during mid-day trading on Thursday, hitting $10.25. 19,139 shares of the company traded hands, compared to its average volume of 158,861. The stock’s 50 day moving average price is $10.21. Eaton Vance Municipal Bond Fund has a 52-week low of $9.89 and a 52-week high of $10.93.

Eaton Vance Municipal Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0508 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.95%.

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.