Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Stock Short Interest Climbs 74.1%

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 33,240 shares, a growth of 74.1% from the September 15th total of 19,093 shares. Based on an average daily trading volume, of 32,841 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Eaton Vance Municipal Income 2028 Term Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC lifted its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 131.8% during the 1st quarter. Kestra Advisory Services LLC now owns 19,184 shares of the investment management company’s stock worth $352,000 after purchasing an additional 10,909 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 21.3% during the first quarter. Royal Bank of Canada now owns 34,900 shares of the investment management company’s stock worth $641,000 after purchasing an additional 6,127 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 4.6% during the first quarter. Bank of America Corp DE now owns 133,244 shares of the investment management company’s stock worth $2,446,000 after purchasing an additional 5,909 shares in the last quarter. Finally, Anchor Investment Management LLC increased its holdings in Eaton Vance Municipal Income 2028 Term Trust by 22.9% in the fourth quarter. Anchor Investment Management LLC now owns 13,400 shares of the investment management company’s stock valued at $251,000 after buying an additional 2,500 shares during the last quarter.

Eaton Vance Municipal Income 2028 Term Trust Stock Down 0.2%

NYSE:ETX traded down $0.04 during mid-day trading on Thursday, hitting $17.31. The stock had a trading volume of 12,228 shares, compared to its average volume of 16,460. Eaton Vance Municipal Income 2028 Term Trust has a twelve month low of $17.06 and a twelve month high of $20.00. The stock has a 50-day simple moving average of $17.89 and a two-hundred day simple moving average of $18.42.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a $0.0782 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.4%.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

Eaton Vance Municipal Income 2028 Term Trust (NYSE: ETX) is a closed-end investment company that seeks to provide current income that is exempt from regular federal income tax. The trust invests primarily in municipal obligations issued by states, municipalities and other governmental entities in the United States.

Its portfolio may include bonds and other debt securities used to finance public infrastructure and services, such as schools, transportation systems, utilities and healthcare facilities.