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

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 35,227 shares, a drop of 52.1% from the July 15th total of 73,534 shares. Based on an average trading volume of 166,815 shares, the days-to-cover ratio is currently 0.2 days.

Eaton Vance Municipal Bond Fund Stock Down 1.0%

Shares of EIM traded down $0.10 during trading hours on Monday, hitting $9.63. The stock had a trading volume of 96,786 shares, compared to its average volume of 141,310. The company’s fifty day moving average is $9.78 and its two-hundred day moving average is $9.83. Eaton Vance Municipal Bond Fund has a 52 week low of $9.48 and a 52 week high of $10.54.

Eaton Vance Municipal Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a $0.0508 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 6.3%.

Institutional Trading of Eaton Vance Municipal Bond Fund

Hedge funds have recently modified their holdings of the company. CWM LLC acquired a new position in shares of Eaton Vance Municipal Bond Fund in the 4th quarter worth approximately $25,000. First Command Advisory Services Inc. acquired a new stake in Eaton Vance Municipal Bond Fund during the 4th quarter valued at $39,000. Elyxium Wealth LLC acquired a new stake in Eaton Vance Municipal Bond Fund during the 4th quarter valued at $43,000. Hollencrest Capital Management bought a new position in Eaton Vance Municipal Bond Fund in the 4th quarter valued at $49,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Eaton Vance Municipal Bond Fund in the 3rd quarter valued at $88,000.

About Eaton Vance Municipal Bond Fund

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.