Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Sees Significant Growth in Short Interest

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 34,800 shares, a growth of 48.1% from the February 28th total of 23,500 shares. Based on an average daily trading volume, of 174,500 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Eaton Vance Municipal Bond Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. increased its stake in shares of Eaton Vance Municipal Bond Fund by 57.5% during the fourth quarter. Sit Investment Associates Inc. now owns 1,438,451 shares of the company’s stock worth $14,902,000 after buying an additional 524,967 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in shares of Eaton Vance Municipal Bond Fund by 33.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 914,996 shares of the company’s stock worth $9,479,000 after purchasing an additional 229,877 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Eaton Vance Municipal Bond Fund during the fourth quarter worth $6,305,000. Wealthspire Advisors LLC increased its holdings in Eaton Vance Municipal Bond Fund by 8.5% in the fourth quarter. Wealthspire Advisors LLC now owns 470,358 shares of the company’s stock valued at $4,873,000 after buying an additional 36,869 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Eaton Vance Municipal Bond Fund by 23.0% during the 4th quarter. Advisors Asset Management Inc. now owns 460,264 shares of the company’s stock worth $4,768,000 after buying an additional 86,122 shares during the last quarter.

Eaton Vance Municipal Bond Fund Stock Up 0.2 %

Eaton Vance Municipal Bond Fund stock opened at $9.97 on Tuesday. The stock’s 50-day moving average price is $10.13. Eaton Vance Municipal Bond Fund has a 12-month low of $9.88 and a 12-month high of $10.93.

Eaton Vance Municipal Bond Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.0508 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.61 dividend on an annualized basis and a yield of 6.11%.

About Eaton Vance Municipal Bond Fund

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.