Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Sees Large Increase in Short Interest

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

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

Shares of NYSE:ETX opened at $18.20 on Friday. The business has a 50 day moving average price of $18.00 and a 200 day moving average price of $18.42. Eaton Vance Municipal Income 2028 Term Trust has a twelve month low of $17.48 and a twelve month high of $19.44.

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 issued a $0.0782 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Trading of Eaton Vance Municipal Income 2028 Term Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp increased its stake in Eaton Vance Municipal Income 2028 Term Trust by 1.5% during the third quarter. Van ECK Associates Corp now owns 46,630 shares of the investment management company’s stock valued at $867,000 after acquiring an additional 700 shares during the period. Aviance Capital Partners LLC increased 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 valued at $277,000 after acquiring an additional 889 shares during the period. Rockefeller Capital Management L.P. increased its stake in Eaton Vance Municipal Income 2028 Term Trust by 3.7% during the third quarter. Rockefeller Capital Management L.P. now owns 556,482 shares of the investment management company’s stock valued at $10,506,000 after acquiring an additional 19,700 shares during the period. Stifel Financial Corp increased its stake in 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 valued at $805,000 after acquiring an additional 3,300 shares during the period. Finally, Anchor Investment Management LLC increased its stake 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 period.

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.