Eaton Vance Municipal Income Trust (NYSE:EVN) Short Interest Update

Eaton Vance Municipal Income Trust (NYSE:EVN) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 128,000 shares, a drop of 19.2% from the February 28th total of 158,400 shares. Based on an average daily volume of 118,200 shares, the short-interest ratio is currently 1.1 days. Approximately 0.3% of the shares of the company are sold short.

Eaton Vance Municipal Income Trust Price Performance

Eaton Vance Municipal Income Trust stock traded up $0.02 during trading on Wednesday, reaching $10.38. The company had a trading volume of 58,013 shares, compared to its average volume of 100,579. The firm’s 50-day simple moving average is $10.50 and its 200 day simple moving average is $10.53. Eaton Vance Municipal Income Trust has a 52 week low of $9.79 and a 52 week high of $11.31.

Eaton Vance Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, March 21st. Stockholders of record on Thursday, March 13th were given a dividend of $0.0513 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.93%.

Insiders Place Their Bets

In other news, insider Cynthia Frost sold 15,000 shares of Eaton Vance Municipal Income Trust stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $10.65, for a total transaction of $159,750.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its holdings in Eaton Vance Municipal Income Trust by 30.6% during the fourth quarter. Van ECK Associates Corp now owns 296,961 shares of the investment management company’s stock valued at $3,002,000 after purchasing an additional 69,652 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Eaton Vance Municipal Income Trust by 33.0% during the 3rd quarter. Stifel Financial Corp now owns 60,867 shares of the investment management company’s stock valued at $668,000 after buying an additional 15,101 shares in the last quarter. Noble Wealth Management PBC bought a new position in Eaton Vance Municipal Income Trust in the 4th quarter worth $519,000. HighTower Advisors LLC purchased a new stake in Eaton Vance Municipal Income Trust in the 3rd quarter worth $231,000. Finally, InTrack Investment Management Inc raised its holdings in Eaton Vance Municipal Income Trust by 93.1% during the fourth quarter. InTrack Investment Management Inc now owns 125,661 shares of the investment management company’s stock valued at $1,259,000 after acquiring an additional 60,577 shares during the period.

About Eaton Vance Municipal Income Trust

Eaton Vance Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in investment grade municipal obligations of various sectors, such as cogeneration, education, electric utilities, general obligations, healthcare, hospital, housing, transportation, and nursing home.