Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Short Interest Up 90.8% in July

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIMGet Free Report) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 73,534 shares, a growth of 90.8% from the June 30th total of 38,530 shares. Based on an average daily volume of 127,150 shares, the short-interest ratio is currently 0.6 days.

Eaton Vance Municipal Bond Fund Price Performance

NYSEAMERICAN:EIM traded down $0.04 during mid-day trading on Friday, hitting $9.57. The company’s stock had a trading volume of 147,295 shares, compared to its average volume of 140,422. Eaton Vance Municipal Bond Fund has a 1 year low of $9.48 and a 1 year high of $10.54. The business’s fifty day moving average is $9.81 and its two-hundred day moving average is $9.85.

Eaton Vance Municipal Bond Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.0508 dividend. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Trading of Eaton Vance Municipal Bond Fund

A number of hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers raised its position in Eaton Vance Municipal Bond Fund by 7.0% during the second quarter. Cetera Investment Advisers now owns 57,288 shares of the company’s stock valued at $554,000 after acquiring an additional 3,753 shares in the last quarter. Invesco Ltd. grew its stake in shares of Eaton Vance Municipal Bond Fund by 19.0% during the 2nd quarter. Invesco Ltd. now owns 157,475 shares of the company’s stock worth $1,523,000 after purchasing an additional 25,138 shares during the period. Raymond James Financial Inc. grew its stake in shares of Eaton Vance Municipal Bond Fund by 13.0% during the 2nd quarter. Raymond James Financial Inc. now owns 730,758 shares of the company’s stock worth $7,066,000 after purchasing an additional 83,964 shares during the period. Jane Street Group LLC purchased a new position in shares of Eaton Vance Municipal Bond Fund during the 2nd quarter valued at approximately $130,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Eaton Vance Municipal Bond Fund by 14.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 480,370 shares of the company’s stock valued at $4,645,000 after purchasing an additional 61,302 shares in the last quarter.

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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