Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Short Interest Up 60.7% in August

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 51,524 shares, a growth of 60.7% from the August 15th total of 32,067 shares. Based on an average daily trading volume, of 131,232 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

Hedge funds have recently made changes to their positions in the company. First Command Advisory Services Inc. acquired a new stake in Eaton Vance Municipal Bond Fund during the 4th quarter worth $39,000. Elyxium Wealth LLC acquired a new stake in shares of Eaton Vance Municipal Bond Fund during the 4th quarter worth approximately $43,000. Integrated Wealth Concepts LLC purchased a new position in Eaton Vance Municipal Bond Fund in the second quarter worth approximately $51,000. Hollencrest Capital Management raised its position in Eaton Vance Municipal Bond Fund by 50.4% in the first quarter. Hollencrest Capital Management now owns 7,548 shares of the company’s stock valued at $74,000 after purchasing an additional 2,528 shares during the period. Finally, Private Advisor Group LLC acquired a new position in shares of Eaton Vance Municipal Bond Fund in the 1st quarter valued at $112,000.

Eaton Vance Municipal Bond Fund Stock Performance

NYSEAMERICAN:EIM traded up $0.11 during trading hours on Thursday, reaching $9.16. 316,050 shares of the company were exchanged, compared to its average volume of 145,015. The stock’s 50-day moving average is $9.61 and its 200-day moving average is $9.75. Eaton Vance Municipal Bond Fund has a twelve month low of $9.04 and a twelve month high of $10.07.

Eaton Vance Municipal Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.0508 per share. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Tuesday, September 15th.

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.