Short Interest in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Decreases By 23.1%

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 21,300 shares, a drop of 23.1% from the February 13th total of 27,700 shares. Based on an average daily trading volume, of 25,200 shares, the short-interest ratio is presently 0.8 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aviance Capital Partners LLC boosted its holdings 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 buying an additional 889 shares during the last quarter. Elequin Capital LP acquired a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust during the fourth quarter worth about $38,000. Commonwealth Equity Services LLC raised its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 6.5% during 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 during the period. Anchor Investment Management LLC raised its position in shares of 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 worth $123,000 after purchasing an additional 3,000 shares during the period. Finally, Stifel Financial Corp raised its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 8.4% during the third quarter. Stifel Financial Corp now owns 42,650 shares of the investment management company’s stock worth $805,000 after purchasing an additional 3,300 shares during the period.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

ETX traded down $0.05 during midday trading on Tuesday, reaching $18.31. 8,040 shares of the company were exchanged, compared to its average volume of 25,417. Eaton Vance Municipal Income 2028 Term Trust has a one year low of $17.48 and a one year high of $19.44. The stock’s 50-day simple moving average is $18.18 and its 200 day simple moving average is $18.36.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.0782 per share. This represents a $0.94 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date is Friday, March 14th.

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.