Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Short Interest Up 115.2% in January

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 26,900 shares, a growth of 115.2% from the January 15th total of 12,500 shares. Based on an average trading volume of 28,800 shares, the short-interest ratio is currently 0.9 days.

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

Shares of Eaton Vance Municipal Income 2028 Term Trust stock traded up $0.14 during trading on Thursday, hitting $18.36. The company’s stock had a trading volume of 15,703 shares, compared to its average volume of 19,817. Eaton Vance Municipal Income 2028 Term Trust has a 52 week low of $17.48 and a 52 week high of $19.44. The stock has a 50-day moving average price of $18.00 and a two-hundred day moving average price of $18.42.

Eaton Vance Municipal Income 2028 Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.0782 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.11%.

Institutional Investors 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 acquiring an additional 3,000 shares during the last quarter. XML Financial LLC acquired a new position in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at about $217,000. Merit Financial Group LLC bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter valued at about $231,000. Aviance Capital Partners LLC grew its stake in Eaton Vance Municipal Income 2028 Term Trust by 6.4% during the third quarter. Aviance Capital Partners LLC now owns 14,685 shares of the investment management company’s stock worth $277,000 after purchasing an additional 889 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in Eaton Vance Municipal Income 2028 Term Trust by 6.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 39,444 shares of the investment management company’s stock worth $695,000 after purchasing an additional 2,408 shares in the last quarter.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

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.