Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Short Interest Update

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIMGet Rating) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 47,500 shares, an increase of 98.7% from the May 31st total of 23,900 shares. Based on an average trading volume of 245,300 shares, the short-interest ratio is presently 0.2 days.

In related news, insider Craig R. Brandon acquired 25,000 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was acquired at an average cost of $10.37 per share, with a total value of $259,250.00. Following the acquisition, the insider now directly owns 69,415 shares in the company, valued at approximately $719,833.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Craig R. Brandon acquired 22,665 shares of the business’s stock in a transaction on Thursday, April 21st. The shares were bought at an average cost of $10.91 per share, with a total value of $247,275.15. Following the completion of the acquisition, the insider now owns 44,415 shares in the company, valued at $484,567.65. The disclosure for this purchase can be found here.

A number of large investors have recently modified their holdings of the business. InterOcean Capital Group LLC grew its holdings in Eaton Vance Municipal Bond Fund by 10.0% in the 1st quarter. InterOcean Capital Group LLC now owns 11,000 shares of the company’s stock valued at $126,000 after buying an additional 1,000 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Eaton Vance Municipal Bond Fund by 6.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,968 shares of the company’s stock valued at $244,000 after buying an additional 1,164 shares in the last quarter. Integrated Capital Management Inc. grew its holdings in Eaton Vance Municipal Bond Fund by 8.5% in the 4th quarter. Integrated Capital Management Inc. now owns 15,539 shares of the company’s stock valued at $211,000 after buying an additional 1,219 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Eaton Vance Municipal Bond Fund by 10.7% during the 4th quarter. Private Advisor Group LLC now owns 13,252 shares of the company’s stock worth $180,000 after purchasing an additional 1,281 shares during the period. Finally, WASHINGTON TRUST Co grew its holdings in shares of Eaton Vance Municipal Bond Fund by 31.8% during the 4th quarter. WASHINGTON TRUST Co now owns 5,800 shares of the company’s stock worth $79,000 after purchasing an additional 1,400 shares during the period.

Shares of EIM stock traded up $0.08 on Friday, reaching $10.78. The company’s stock had a trading volume of 112,664 shares, compared to its average volume of 217,884. Eaton Vance Municipal Bond Fund has a 1 year low of $10.22 and a 1 year high of $14.01.

The company also recently declared a monthly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 23rd were given a dividend of $0.0412 per share. This represents a $0.49 annualized dividend and a dividend yield of 4.59%. The ex-dividend date was Wednesday, June 22nd.

About Eaton Vance Municipal Bond Fund (Get Rating)

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests primarily in high grade municipal obligations. The fund's investment portfolio primarily includes investments in companies operating in the transportation, water and sewer, and electric utilities sectors.

Further Reading

Receive News & Ratings for Eaton Vance Municipal Bond Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance Municipal Bond Fund and related companies with MarketBeat.com's FREE daily email newsletter.