Eaton Vance Municipal Income Trust (NYSE:EVN) Short Interest Up 21.9% in December

Eaton Vance Municipal Income Trust (NYSE:EVN) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 27,300 shares, an increase of 21.9% from the December 15th total of 22,400 shares. Based on an average daily trading volume, of 127,000 shares, the short-interest ratio is currently 0.2 days.

Eaton Vance Municipal Income Trust Stock Performance

NYSE EVN opened at $10.22 on Friday. The stock’s 50 day simple moving average is $10.32 and its 200-day simple moving average is $10.58. Eaton Vance Municipal Income Trust has a 1-year low of $9.68 and a 1-year high of $11.31.

Eaton Vance Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Monday, January 13th will be given a $0.0513 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date is Monday, January 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EVN. Pathway Financial Advisers LLC increased its stake in shares of Eaton Vance Municipal Income Trust by 997.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 7,295 shares of the investment management company’s stock worth $80,000 after acquiring an additional 6,630 shares during the last quarter. Horizon Kinetics Asset Management LLC purchased a new stake in shares of Eaton Vance Municipal Income Trust in the 3rd quarter valued at approximately $110,000. HighTower Advisors LLC acquired a new position in Eaton Vance Municipal Income Trust during the third quarter worth $231,000. Sanctuary Advisors LLC acquired a new position in Eaton Vance Municipal Income Trust during the 2nd quarter worth about $299,000. Finally, Stifel Financial Corp lifted its position in shares of Eaton Vance Municipal Income Trust by 33.0% during the third quarter. Stifel Financial Corp now owns 60,867 shares of the investment management company’s stock worth $668,000 after purchasing an additional 15,101 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.