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

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 145,412 shares, a growth of 244.7% from the April 15th total of 42,183 shares. Based on an average trading volume of 111,352 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On Eaton Vance Municipal Bond Fund

Large investors have recently modified their holdings of the business. Waverly Advisors LLC raised its stake in Eaton Vance Municipal Bond Fund by 21.4% during the first quarter. Waverly Advisors LLC now owns 22,279 shares of the company’s stock worth $218,000 after buying an additional 3,926 shares during the last quarter. Cetera Investment Advisers raised its stake in Eaton Vance Municipal Bond Fund by 34.0% during the first quarter. Cetera Investment Advisers now owns 30,720 shares of the company’s stock worth $300,000 after buying an additional 7,793 shares during the last quarter. Petra Financial Advisors Inc. raised its stake in Eaton Vance Municipal Bond Fund by 17.2% during the first quarter. Petra Financial Advisors Inc. now owns 17,000 shares of the company’s stock worth $166,000 after buying an additional 2,500 shares during the last quarter. Cura Wealth Advisors LLC raised its stake in Eaton Vance Municipal Bond Fund by 4.1% during the first quarter. Cura Wealth Advisors LLC now owns 254,149 shares of the company’s stock worth $2,483,000 after buying an additional 10,000 shares during the last quarter. Finally, Hollencrest Capital Management raised its stake in Eaton Vance Municipal Bond Fund by 50.4% during the first quarter. Hollencrest Capital Management now owns 7,548 shares of the company’s stock worth $74,000 after buying an additional 2,528 shares during the last quarter.

Eaton Vance Municipal Bond Fund Price Performance

Shares of EIM stock traded down $0.16 during trading hours on Friday, hitting $9.75. 163,928 shares of the company’s stock traded hands, compared to its average volume of 143,584. The stock’s 50 day simple moving average is $9.84 and its 200 day simple moving average is $9.87. Eaton Vance Municipal Bond Fund has a 12 month low of $9.41 and a 12 month high of $10.54.

Eaton Vance Municipal Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.0508 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 6.3%.

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.