Eaton Vance Municipal Income Trust (NYSE:EVN – Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 107,297 shares, a decrease of 42.1% from the September 15th total of 185,421 shares. Based on an average daily trading volume, of 163,556 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are sold short.
Institutional Investors Weigh In On Eaton Vance Municipal Income Trust
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVN. Integrated Wealth Concepts LLC purchased a new position in shares of Eaton Vance Municipal Income Trust during the second quarter worth approximately $28,000. First Trust Advisors LP acquired a new position in shares of Eaton Vance Municipal Income Trust in the 1st quarter valued at $105,000. Sequoia Financial Advisors LLC purchased a new stake in Eaton Vance Municipal Income Trust in the 2nd quarter valued at $304,000. World Investment Advisors raised its position in Eaton Vance Municipal Income Trust by 6.4% in the 4th quarter. World Investment Advisors now owns 36,579 shares of the investment management company’s stock valued at $394,000 after purchasing an additional 2,196 shares during the last quarter. Finally, Meadowbrook Wealth Management LLC acquired a new stake in Eaton Vance Municipal Income Trust during the 2nd quarter worth $502,000.
Eaton Vance Municipal Income Trust Trading Up 0.9%
Shares of NYSE EVN traded up $0.09 during mid-day trading on Friday, reaching $9.60. The company had a trading volume of 106,777 shares, compared to its average volume of 232,147. The firm has a 50 day simple moving average of $10.16 and a two-hundred day simple moving average of $10.53. Eaton Vance Municipal Income Trust has a 52-week low of $9.00 and a 52-week high of $11.26.
Eaton Vance Municipal Income Trust Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, October 26th. Investors of record on Wednesday, October 14th will be paid a dividend of $0.0513 per share. This represents a $0.62 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Wednesday, October 14th.
Eaton Vance Municipal Income Trust Company Profile
Eaton Vance Municipal Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol EVN. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal obligations issued by states, municipalities and other public authorities.
The trust invests in a diversified portfolio of tax-exempt municipal bonds and related securities. These investments may finance public infrastructure and services, including schools, transportation systems, utilities, health care facilities and other projects.
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