Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM – Get Free Report) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 46,363 shares, a decrease of 36.8% from the May 14th total of 73,380 shares. Based on an average daily volume of 114,848 shares, the short-interest ratio is presently 0.4 days.
Eaton Vance Municipal Bond Fund Price Performance
EIM traded down $0.01 on Wednesday, reaching $9.80. The stock had a trading volume of 34,828 shares, compared to its average volume of 138,044. Eaton Vance Municipal Bond Fund has a fifty-two week low of $9.41 and a fifty-two week high of $10.54. The firm has a 50-day moving average of $9.82 and a 200-day moving average of $9.84.
Eaton Vance Municipal Bond Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.0508 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Monday, June 15th.
Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund
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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