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

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 145,412 shares, an increase of 244.7% from the April 15th total of 42,183 shares. Based on an average daily volume of 111,352 shares, the short-interest ratio is presently 1.3 days.

Eaton Vance Municipal Bond Fund Stock Performance

Shares of EIM stock remained flat at $9.91 during trading hours on Thursday. 89,076 shares of the company were exchanged, compared to its average volume of 143,362. Eaton Vance Municipal Bond Fund has a 52-week low of $9.41 and a 52-week high of $10.54. The stock’s 50-day moving average is $9.84 and its 200-day moving average is $9.87.

Eaton Vance Municipal Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $0.0508 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

A number of large investors have recently made changes to their positions in EIM. Cetera Investment Advisers boosted its stake in shares of Eaton Vance Municipal Bond Fund by 7.0% during the 2nd quarter. Cetera Investment Advisers now owns 57,288 shares of the company’s stock worth $554,000 after purchasing an additional 3,753 shares during the period. Invesco Ltd. boosted its stake in shares of Eaton Vance Municipal Bond Fund by 19.0% during the 2nd quarter. Invesco Ltd. now owns 157,475 shares of the company’s stock worth $1,523,000 after purchasing an additional 25,138 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Eaton Vance Municipal Bond Fund by 13.0% during the 2nd quarter. Raymond James Financial Inc. now owns 730,758 shares of the company’s stock worth $7,066,000 after purchasing an additional 83,964 shares during the period. Jane Street Group LLC purchased a new position in shares of Eaton Vance Municipal Bond Fund during the 2nd quarter worth about $130,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Eaton Vance Municipal Bond Fund by 14.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 480,370 shares of the company’s stock worth $4,645,000 after purchasing an additional 61,302 shares during the period.

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.