Short Interest in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Increases By 21.0%

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 23,858 shares, an increase of 21.0% from the January 15th total of 19,714 shares. Based on an average daily trading volume, of 10,841 shares, the short-interest ratio is currently 2.2 days. Based on an average daily trading volume, of 10,841 shares, the short-interest ratio is currently 2.2 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ETX. LPL Financial LLC lifted its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 134.6% in the fourth quarter. LPL Financial LLC now owns 110,348 shares of the investment management company’s stock valued at $2,064,000 after buying an additional 63,307 shares during the period. Focused Alpha LLC acquired a new position in Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at approximately $764,000. Stronghold Wealth Management L.L.C. bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter worth approximately $375,000. World Investment Advisors acquired a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust during the 3rd quarter worth approximately $293,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth approximately $246,000.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

ETX opened at $18.79 on Thursday. The business has a 50 day moving average of $18.82 and a 200-day moving average of $18.97. Eaton Vance Municipal Income 2028 Term Trust has a 1-year low of $17.63 and a 1-year high of $20.00.

Eaton Vance Municipal Income 2028 Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be issued a $0.0782 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 5.0%.

About Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Municipal Income 2028 Term Trust (NYSE: ETX) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The trust primarily invests in investment-grade municipal securities that mature on or before the trust’s termination date in 2028, focusing on debt issued by state and local governments, authorities, and agencies across the United States.

The portfolio is diversified across sectors such as transportation, education, healthcare, utilities, and general purpose obligations, with the goal of managing credit risk and preserving capital.