Short Interest in Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Decreases By 52.1%

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIMGet Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 35,227 shares, a decline of 52.1% from the July 15th total of 73,534 shares. Based on an average daily volume of 166,815 shares, the days-to-cover ratio is currently 0.2 days.

Eaton Vance Municipal Bond Fund Stock Performance

Shares of EIM stock remained flat at $9.73 during trading hours on Friday. The stock had a trading volume of 178,094 shares, compared to its average volume of 141,598. Eaton Vance Municipal Bond Fund has a 12 month low of $9.48 and a 12 month high of $10.54. The company has a 50 day moving average price of $9.78 and a 200-day moving average price of $9.83.

Eaton Vance Municipal Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be given a dividend of $0.0508 per share. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a yield of 6.3%.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

A number of large investors have recently modified their holdings of the stock. CWM LLC acquired a new stake in shares of Eaton Vance Municipal Bond Fund in the fourth quarter valued at approximately $25,000. First Command Advisory Services Inc. acquired a new position in shares of Eaton Vance Municipal Bond Fund during the fourth quarter valued at $39,000. Elyxium Wealth LLC acquired a new position in shares of Eaton Vance Municipal Bond Fund during the fourth quarter valued at $43,000. Hollencrest Capital Management bought a new position in Eaton Vance Municipal Bond Fund in the fourth quarter valued at about $49,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Eaton Vance Municipal Bond Fund in the third quarter worth about $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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