Eaton Vance Municipal Income Trust (NYSE:EVN) Sees Large Drop in Short Interest

Eaton Vance Municipal Income Trust (NYSE:EVN) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 22,400 shares, a decrease of 34.1% from the November 30th total of 34,000 shares. Based on an average daily volume of 116,300 shares, the short-interest ratio is presently 0.2 days.

Eaton Vance Municipal Income Trust Stock Down 0.1 %

EVN opened at $10.01 on Monday. Eaton Vance Municipal Income Trust has a fifty-two week low of $9.68 and a fifty-two week high of $11.31. The business has a 50-day moving average of $10.45 and a 200-day moving average of $10.61.

Eaton Vance Municipal Income Trust Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th were paid a $0.0513 dividend. The ex-dividend date was Thursday, December 12th.

Institutional Trading of Eaton Vance Municipal Income Trust

Several large investors have recently added to or reduced their stakes in EVN. Arkadios Wealth Advisors bought a new stake in Eaton Vance Municipal Income Trust in the second quarter worth $328,000. Rothschild Investment LLC bought a new stake in shares of Eaton Vance Municipal Income Trust during the 2nd quarter worth about $1,274,000. ProVise Management Group LLC boosted its stake in shares of Eaton Vance Municipal Income Trust by 31.5% during the 2nd quarter. ProVise Management Group LLC now owns 90,783 shares of the investment management company’s stock worth $940,000 after acquiring an additional 21,750 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Eaton Vance Municipal Income Trust during the 2nd quarter valued at about $299,000. Finally, Raymond James & Associates raised its stake in shares of Eaton Vance Municipal Income Trust by 0.4% in the 3rd quarter. Raymond James & Associates now owns 274,966 shares of the investment management company’s stock valued at $3,016,000 after acquiring an additional 1,210 shares in the last quarter.

Eaton Vance Municipal Income Trust Company Profile

Eaton Vance Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home.