Short Interest in Eaton Vance Municipal Income Trust (NYSE:EVN) Decreases By 37.8%

Eaton Vance Municipal Income Trust (NYSE:EVN) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 52,700 shares, a drop of 37.8% from the October 15th total of 84,700 shares. Based on an average daily trading volume, of 102,100 shares, the short-interest ratio is currently 0.5 days.

Eaton Vance Municipal Income Trust Stock Up 0.2 %

Shares of EVN stock opened at $10.47 on Friday. The firm’s 50-day moving average is $10.81 and its two-hundred day moving average is $10.53. Eaton Vance Municipal Income Trust has a 12 month low of $9.38 and a 12 month high of $11.31.

Eaton Vance Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, November 11th will be issued a $0.0513 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Friday, November 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVN. Cetera Advisors LLC boosted its stake in Eaton Vance Municipal Income Trust by 66.2% during the 1st quarter. Cetera Advisors LLC now owns 18,894 shares of the investment management company’s stock worth $194,000 after purchasing an additional 7,528 shares during the period. Lynx Investment Advisory acquired a new stake in shares of Eaton Vance Municipal Income Trust in the second quarter worth approximately $81,000. Integrated Capital Management Inc. lifted its position in Eaton Vance Municipal Income Trust by 10.8% during the second quarter. Integrated Capital Management Inc. now owns 18,323 shares of the investment management company’s stock valued at $190,000 after buying an additional 1,786 shares in the last quarter. InTrack Investment Management Inc lifted its position in Eaton Vance Municipal Income Trust by 76.4% during the second quarter. InTrack Investment Management Inc now owns 94,013 shares of the investment management company’s stock valued at $973,000 after buying an additional 40,712 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Eaton Vance Municipal Income Trust during the second quarter valued at approximately $328,000.

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.