Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Short Interest Down 49.5% in May

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 73,380 shares, a decrease of 49.5% from the April 30th total of 145,412 shares. Based on an average trading volume of 120,270 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Eaton Vance Municipal Bond Fund

Several large investors have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in shares of Eaton Vance Municipal Bond Fund by 36.8% in the 1st quarter. Bank of America Corp DE now owns 78,762 shares of the company’s stock valued at $770,000 after buying an additional 21,183 shares in the last quarter. Rivernorth Capital Management LLC grew its stake in shares of Eaton Vance Municipal Bond Fund by 1.3% in the 1st quarter. Rivernorth Capital Management LLC now owns 1,610,948 shares of the company’s stock valued at $15,739,000 after buying an additional 20,385 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Eaton Vance Municipal Bond Fund by 30.7% in the 1st quarter. Royal Bank of Canada now owns 99,313 shares of the company’s stock valued at $970,000 after buying an additional 23,314 shares in the last quarter. Waverly Advisors LLC grew its stake in shares of Eaton Vance Municipal Bond Fund by 21.4% in the 1st quarter. Waverly Advisors LLC now owns 22,279 shares of the company’s stock valued at $218,000 after buying an additional 3,926 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Eaton Vance Municipal Bond Fund by 34.0% in the 1st quarter. Cetera Investment Advisers now owns 30,720 shares of the company’s stock valued at $300,000 after buying an additional 7,793 shares in the last quarter.

Eaton Vance Municipal Bond Fund Stock Up 0.2%

Shares of Eaton Vance Municipal Bond Fund stock traded up $0.02 during trading on Tuesday, hitting $9.82. 182,488 shares of the stock traded hands, compared to its average volume of 141,851. The company has a fifty day moving average price of $9.79 and a two-hundred day moving average price of $9.85. Eaton Vance Municipal Bond Fund has a twelve month low of $9.41 and a twelve month high of $10.54.

Eaton Vance Municipal Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.0508 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 6.2%.

Eaton Vance Municipal Bond Fund Company Profile

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.