Short Interest in Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Drops By 36.8%

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 46,363 shares, a decline of 36.8% from the May 14th total of 73,380 shares. Based on an average daily volume of 114,848 shares, the short-interest ratio is currently 0.4 days.

Eaton Vance Municipal Bond Fund Stock Performance

Shares of Eaton Vance Municipal Bond Fund stock opened at $9.80 on Monday. The business’s fifty day moving average price is $9.82 and its 200 day moving average price is $9.85. Eaton Vance Municipal Bond Fund has a twelve month low of $9.41 and a twelve month high of $10.54.

Eaton Vance Municipal Bond Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.0508 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 6.2%.

Institutional Investors Weigh In On Eaton Vance Municipal Bond Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC boosted its position in shares of Eaton Vance Municipal Bond Fund by 187.8% in the fourth quarter. Rivernorth Capital Management LLC now owns 1,590,563 shares of the company’s stock worth $15,476,000 after buying an additional 1,037,886 shares during the period. Fiera Capital Corp purchased a new stake in shares of Eaton Vance Municipal Bond Fund in the fourth quarter worth about $2,861,000. Rareview Capital LLC purchased a new stake in shares of Eaton Vance Municipal Bond Fund in the first quarter worth about $2,483,000. Advisors Asset Management Inc. boosted its position in shares of Eaton Vance Municipal Bond Fund by 31.3% in the fourth quarter. Advisors Asset Management Inc. now owns 758,114 shares of the company’s stock worth $7,376,000 after buying an additional 180,772 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Eaton Vance Municipal Bond Fund in the fourth quarter worth about $883,000.

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.