Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM – Get Free Report) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 51,524 shares, a growth of 60.7% from the August 15th total of 32,067 shares. Based on an average daily volume of 131,232 shares, the short-interest ratio is presently 0.4 days.
Insider Activity
In other news, insider Craig R. Brandon sold 87,567 shares of Eaton Vance Municipal Bond Fund stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $9.12, for a total transaction of $798,611.04. Following the completion of the sale, the insider directly owned 1 shares in the company, valued at $9.12. The trade was a 100.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Institutional Investors Weigh In On Eaton Vance Municipal Bond Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in EIM. First Command Advisory Services Inc. acquired a new position in Eaton Vance Municipal Bond Fund in the fourth quarter valued at $39,000. Elyxium Wealth LLC acquired a new stake in Eaton Vance Municipal Bond Fund in the 4th quarter worth about $43,000. Integrated Wealth Concepts LLC purchased a new stake in Eaton Vance Municipal Bond Fund in the 2nd quarter valued at about $51,000. Hollencrest Capital Management increased its stake in shares of Eaton Vance Municipal Bond Fund by 50.4% during the 1st quarter. Hollencrest Capital Management now owns 7,548 shares of the company’s stock valued at $74,000 after acquiring an additional 2,528 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of Eaton Vance Municipal Bond Fund during the 1st quarter valued at about $112,000.
Eaton Vance Municipal Bond Fund Stock Performance
Eaton Vance Municipal Bond Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0508 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Tuesday, September 15th.
About Eaton Vance Municipal Bond Fund
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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