Eaton Vance Municipal Income Trust (NYSE:EVN) Short Interest Up 116.0% in May

Eaton Vance Municipal Income Trust (NYSE:EVNGet Rating) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 105,200 shares, an increase of 116.0% from the April 30th total of 48,700 shares. Based on an average trading volume of 130,600 shares, the days-to-cover ratio is presently 0.8 days.

Several institutional investors have recently made changes to their positions in EVN. National Bank of Canada FI purchased a new position in shares of Eaton Vance Municipal Income Trust in the 4th quarter worth approximately $27,000. Retirement Planning Co of New England Inc. purchased a new position in shares of Eaton Vance Municipal Income Trust in the 4th quarter worth approximately $33,000. Herold Advisors Inc. purchased a new position in shares of Eaton Vance Municipal Income Trust in the 1st quarter worth approximately $33,000. Citizens National Bank Trust Department purchased a new position in shares of Eaton Vance Municipal Income Trust in the 1st quarter worth approximately $79,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Eaton Vance Municipal Income Trust in the 1st quarter worth approximately $120,000.

NYSE:EVN opened at $11.72 on Friday. Eaton Vance Municipal Income Trust has a 1 year low of $10.85 and a 1 year high of $14.40. The stock’s 50 day simple moving average is $11.41 and its two-hundred day simple moving average is $12.51.

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 19th. Shareholders of record on Thursday, May 12th were paid a $0.0477 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date was Wednesday, May 11th.

About Eaton Vance Municipal Income Trust (Get Rating)

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.

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