Short Interest in Eaton Vance Municipal Income Trust (NYSE:EVN) Increases By 21.9%

Eaton Vance Municipal Income Trust (NYSE:EVN) experienced notable growth in short interest during December. As of December 31st, the total short interest reached 27,300 shares, which marks a 21.9% increase compared to the 22,400 shares recorded on December 15th. Based on the average trading volume of 127,000 shares, the current days-to-cover ratio is at 0.2 days.

Eaton Vance Municipal Income Trust Price Performance

On Friday, EVN stock rose by $0.04 in mid-day trading, reaching a price of $10.22. A total of 91,665 shares were traded, slightly below the average volume of 117,306 shares. The stock has a fifty-day simple moving average of $10.32 and a 200-day simple moving average of $10.58. Over the past year, Eaton Vance Municipal Income Trust recorded a low of $9.68 and a high of $11.31.

Eaton Vance Municipal Income Trust Dividend Announcement

The company has also announced a monthly dividend, set to be paid on Wednesday, January 22nd. Shareholders who are on record as of Monday, January 13th, will receive a dividend payment of $0.0513 per share. This translates to an annualized dividend of $0.62, equating to a yield of 6.02%. The ex-dividend date is also set for Monday, January 13th.

Institutional Inflows and Outflows

Recently, several significant investors adjusted their positions in Eaton Vance Municipal Income Trust. For instance, Raymond James & Associates increased its holdings by 0.4% during the third quarter, owning 274,966 shares valued at $3,016,000 after acquiring an additional 1,210 shares. Similarly, Stifel Financial Corp boosted its stake by 33.0%, acquiring more shares worth a total of $668,000. In addition, HighTower Advisors LLC added a new stake valued at approximately $231,000, while International Assets Investment Management LLC invested about $816,000 in new shares. Janney Montgomery Scott LLC also increased its holding by 1.7%, now owning 234,205 shares worth $2,569,000 after purchasing 4,016 additional shares.

About Eaton Vance Municipal Income Trust

Eaton Vance Municipal Income Trust is a closed-end fixed-income mutual fund that was launched and is managed by Eaton Vance Management. The fund primarily invests in the fixed income markets, focusing on investment-grade municipal obligations across various sectors including education, healthcare, transportation, and utilities.

Consideration for Investment

Before making any investment decisions regarding Eaton Vance Municipal Income Trust, it is advisable to evaluate various factors and consult with financial analysts. According to some research analysts, although the fund currently holds a "Hold" rating, there may be better investment opportunities available in the market.

investment, stocks, dividends