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Upturn AI Summary - About
Eaton Vance National Municipal Opportunities Closed Fund(EOT)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for EOT
10/14/2026: EOT (1-star) is currently NOT-A-BUY. Pass it for now.
Eaton Vance National Municipal Opportunities Closed Fund is a closed-end investment fund designed to generate tax-exempt income for investors through a diversified portfolio of US municipal bonds. The fund is known for its ability to utilize leverage to enhance distribution yields, which is its primary appeal to income-focused investors. Its main strengths lie in its dedicated credit research and its role as a consistent tax-advantaged income vehicle. Key risks include the structural volatility common to closed-end funds, sensitivity to rising interest rates, and the potential impact of credit stress on municipal issuers. Investors should monitor distribution sustainability and the discount to net asset value as core indicators of fund performance.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The fund focuses on income generation rather than capital appreciation. |
| Momentum investor | Weak fit | Closed-end funds are typically income-focused rather than momentum-driven assets. |
| Value investor | Mixed fit | Investors may find value when the fund trades at a significant discount to its NAV. |
| Dividend investor | Strong fit | The fund is specifically designed to provide consistent, tax-exempt monthly income. |
| Low-risk investor | Mixed fit | While municipal bonds are generally stable, the use of leverage in this fund increases volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The use of leverage and closed-end fund structural premiums/discounts leads to share price fluctuations. |
| Valuation risk | Medium | The share price may diverge significantly from the underlying net asset value. |
| Competition risk (municipal CEF landscape) | Medium | Investors can easily switch to other municipal bond funds if yields become uncompetitive. |
| Business quality | Medium | The quality depends on the underlying credit strength of the municipal bonds held. |
| Dividend income | Medium | Distributions depend on the interest income generated by the portfolio. |
| Execution risk | Low | Management must effectively rotate assets to manage duration and credit risk. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type Stock | Historic Profit 8.33% | Avg. Invested days 68 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/14/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 239.37M USD | Price to earnings Ratio 21.58 | 1Y Target Price - |
Price to earnings Ratio 21.58 | 1Y Target Price - | ||
Volume (30-day avg) 62.2K shares | Beta - | 52 Weeks Range 15.08 - 17.66 | Updated Date 10/14/2026 |
52 Weeks Range 15.08 - 17.66 | Updated Date 10/14/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.71 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Municipal Bond Income | Interest received from holdings in US municipal bonds. | The fund earns money by collecting tax-free interest on municipal bonds and passing it to you as dividends. |
| Leverage Utilization | Borrowing funds to increase total portfolio size. | The fund borrows money to invest more, which can increase income but also raises the risk of price swings. |
Valuation
Trailing PE 21.58 | Forward PE - | Enterprise Value - | Price to Sales(TTM) 21.1 |
Enterprise Value - | Price to Sales(TTM) 21.1 | ||
Enterprise Value to Revenue 24.58 | Enterprise Value to EBITDA - | Shares Outstanding 15.62M | Shares Floating - |
Shares Outstanding 15.62M | Shares Floating - | ||
Percent Insiders - | Percent Institutions 23.09 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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