Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Sees Large Growth in Short Interest

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIMGet Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 145,412 shares, a growth of 244.7% from the April 15th total of 42,183 shares. Based on an average daily volume of 111,352 shares, the days-to-cover ratio is currently 1.3 days.

Eaton Vance Municipal Bond Fund Stock Down 1.6%

Shares of EIM stock traded down $0.16 during mid-day trading on Friday, hitting $9.75. The company’s stock had a trading volume of 163,928 shares, compared to its average volume of 143,584. Eaton Vance Municipal Bond Fund has a 52-week low of $9.41 and a 52-week high of $10.54. The business has a 50-day moving average price of $9.84 and a 200 day moving average price of $9.87.

Eaton Vance Municipal Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.0508 dividend. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 6.3%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CWM LLC bought a new stake in shares of Eaton Vance Municipal Bond Fund in the fourth quarter worth $25,000. First Command Advisory Services Inc. bought a new stake in shares of Eaton Vance Municipal Bond Fund in the fourth quarter worth $39,000. Elyxium Wealth LLC bought a new stake in shares of Eaton Vance Municipal Bond Fund in the fourth quarter worth $43,000. Hollencrest Capital Management bought a new stake in shares of Eaton Vance Municipal Bond Fund in the fourth quarter worth $49,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Eaton Vance Municipal Bond Fund in the third quarter worth $88,000.

Eaton Vance Municipal Bond Fund Company Profile

(Get Free Report)

The Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) is a closed-end management investment company that seeks to provide shareholders with high current income exempt from regular United States federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by state and local governments and their agencies. It may also hold tender option bonds and other municipal derivatives to help manage duration and enhance yield.

Managed by Eaton Vance Management, a leading asset management firm with a history dating back to 1924, the fund leverages the firm’s experience in fixed-income investing.

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