Short Interest in Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) Increases By 6.8%

Eaton Vance Municipal Bond Fund (NYSEAMERICAN:EIM) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 48,600 shares, an increase of 6.8% from the June 30th total of 45,500 shares. Based on an average daily volume of 151,600 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Karpus Management Inc. increased its stake in Eaton Vance Municipal Bond Fund by 38.7% in the 1st quarter. Karpus Management Inc. now owns 14,325,881 shares of the company’s stock worth $148,273,000 after purchasing an additional 3,995,787 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Eaton Vance Municipal Bond Fund by 21.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,285,669 shares of the company’s stock worth $13,024,000 after purchasing an additional 223,036 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in Eaton Vance Municipal Bond Fund by 16.2% during the 1st quarter. Wealthspire Advisors LLC now owns 566,927 shares of the company’s stock valued at $5,868,000 after buying an additional 79,028 shares during the last quarter. Van ECK Associates Corp raised its holdings in Eaton Vance Municipal Bond Fund by 2.0% during the 1st quarter. Van ECK Associates Corp now owns 547,823 shares of the company’s stock valued at $5,670,000 after buying an additional 10,920 shares during the last quarter. Finally, Dakota Wealth Management boosted its position in Eaton Vance Municipal Bond Fund by 10.4% during the 2nd quarter. Dakota Wealth Management now owns 493,713 shares of the company’s stock valued at $5,223,000 after buying an additional 46,576 shares during the period.

Eaton Vance Municipal Bond Fund Trading Up 0.7 %

Shares of EIM traded up $0.07 during midday trading on Thursday, hitting $10.46. 276,762 shares of the company traded hands, compared to its average volume of 179,272. Eaton Vance Municipal Bond Fund has a one year low of $8.61 and a one year high of $10.75.

Eaton Vance Municipal Bond Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd were given a dividend of $0.0508 per share. The ex-dividend date was Tuesday, July 23rd. This is a positive change from Eaton Vance Municipal Bond Fund’s previous monthly dividend of $0.05. This represents a $0.61 annualized dividend and a dividend yield of 5.83%.

Eaton Vance Municipal Bond Fund Company Profile

Eaton Vance Municipal Bond Fund is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests primarily in high grade municipal obligations. The fund's investment portfolio primarily includes investments in companies operating in the transportation, water and sewer, and electric utilities sectors.