Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Short Interest Update

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 14,600 shares, a growth of 84.8% from the December 15th total of 7,900 shares. Based on an average daily trading volume, of 29,900 shares, the days-to-cover ratio is presently 0.5 days.

Eaton Vance Municipal Income 2028 Term Trust Stock Up 0.1 %

ETX traded up $0.01 during midday trading on Thursday, hitting $17.84. The stock had a trading volume of 13,098 shares, compared to its average volume of 29,190. Eaton Vance Municipal Income 2028 Term Trust has a 1 year low of $17.48 and a 1 year high of $19.44. The business has a fifty day moving average of $18.10 and a 200 day moving average of $18.51.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.0782 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.26%.

Hedge Funds Weigh In On Eaton Vance Municipal Income 2028 Term Trust

Several institutional investors and hedge funds have recently made changes to their positions in ETX. Anchor Investment Management LLC boosted its position in Eaton Vance Municipal Income 2028 Term Trust by 85.7% during the third quarter. Anchor Investment Management LLC now owns 6,500 shares of the investment management company’s stock valued at $123,000 after buying an additional 3,000 shares during the period. Merit Financial Group LLC bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at about $231,000. Aviance Capital Partners LLC boosted its holdings in Eaton Vance Municipal Income 2028 Term Trust by 6.4% during the 3rd quarter. Aviance Capital Partners LLC now owns 14,685 shares of the investment management company’s stock valued at $277,000 after acquiring an additional 889 shares during the period. Stifel Financial Corp grew its position in Eaton Vance Municipal Income 2028 Term Trust by 8.4% during the 3rd quarter. Stifel Financial Corp now owns 42,650 shares of the investment management company’s stock worth $805,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Eaton Vance Municipal Income 2028 Term Trust by 1.5% during the 3rd quarter. Van ECK Associates Corp now owns 46,630 shares of the investment management company’s stock worth $867,000 after acquiring an additional 700 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.