Eaton Vance Municipal Bond Fund (NYSE:EIM) was the recipient of a large growth in short interest in the month of September. As of September 29th, there was short interest totalling 20,069 shares, a growth of 116.8% from the September 15th total of 9,258 shares. Based on an average daily trading volume, of 116,732 shares, the short-interest ratio is currently 0.2 days.

A number of large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. raised its stake in Eaton Vance Municipal Bond Fund by 13.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 79,092 shares of the company’s stock valued at $1,004,000 after purchasing an additional 9,272 shares during the last quarter. Royal Bank of Canada raised its stake in Eaton Vance Municipal Bond Fund by 11.6% during the 2nd quarter. Royal Bank of Canada now owns 101,598 shares of the company’s stock valued at $1,289,000 after purchasing an additional 10,544 shares during the last quarter. Robinson Capital Management LLC raised its stake in Eaton Vance Municipal Bond Fund by 211.4% during the 2nd quarter. Robinson Capital Management LLC now owns 243,836 shares of the company’s stock valued at $3,094,000 after purchasing an additional 165,538 shares during the last quarter. Garner Asset Management Corp acquired a new position in Eaton Vance Municipal Bond Fund during the 2nd quarter valued at $1,416,000. Finally, HighTower Advisors LLC acquired a new position in Eaton Vance Municipal Bond Fund during the 2nd quarter valued at $370,000.

Shares of Eaton Vance Municipal Bond Fund (NYSE:EIM) traded down 0.16% on Tuesday, reaching $12.66. 56,750 shares of the company’s stock traded hands. The company’s 50-day moving average is $12.84 and its 200-day moving average is $12.72. Eaton Vance Municipal Bond Fund has a 52 week low of $12.00 and a 52 week high of $13.33.

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 24th will be paid a dividend of $0.0521 per share. This represents a $0.63 annualized dividend and a yield of 4.94%. The ex-dividend date is Monday, October 23rd.

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About Eaton Vance Municipal Bond Fund

Eaton Vance Municipal Bond Fund is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide current income exempt from regular federal income tax, including alternative minimum tax, and, in state specific funds, taxes in its specified state. The Fund invests primarily in debt securities issued by municipalities.

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