Short Interest in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Decreases By 17.3%

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 43,500 shares, a drop of 17.3% from the July 15th total of 52,600 shares. Based on an average daily volume of 24,300 shares, the days-to-cover ratio is currently 1.8 days.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

ETX opened at $18.69 on Friday. Eaton Vance Municipal Income 2028 Term Trust has a 1 year low of $16.36 and a 1 year high of $18.94. The firm has a 50 day moving average price of $18.70 and a 200 day moving average price of $18.32.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 22nd will be paid a dividend of $0.0782 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend is Thursday, August 22nd.

Institutional Trading of Eaton Vance Municipal Income 2028 Term Trust

A number of hedge funds have recently made changes to their positions in the company. Avior Wealth Management LLC purchased a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust during the fourth quarter worth about $143,000. Aviance Capital Partners LLC increased its holdings in Eaton Vance Municipal Income 2028 Term Trust by 10.2% during the 1st quarter. Aviance Capital Partners LLC now owns 13,148 shares of the investment management company’s stock worth $235,000 after purchasing an additional 1,217 shares during the last quarter. Raymond James & Associates increased its holdings in Eaton Vance Municipal Income 2028 Term Trust by 22.1% during the 4th quarter. Raymond James & Associates now owns 39,827 shares of the investment management company’s stock worth $691,000 after purchasing an additional 7,221 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 13.8% in the 4th quarter. Van ECK Associates Corp now owns 76,456 shares of the investment management company’s stock valued at $1,326,000 after purchasing an additional 9,281 shares in the last quarter. Finally, Sentinel Trust Co. LBA boosted its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 659.9% during the 4th quarter. Sentinel Trust Co. LBA now owns 103,350 shares of the investment management company’s stock valued at $1,792,000 after buying an additional 89,750 shares during the last quarter.

About Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Municipal Income 2028 Term Trust is a closed ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invest in stocks of companies operating across the diversified sectors. It was previously known as Eaton Vance Municipal Income Term Trust.