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

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

Eaton Vance Municipal Income 2028 Term Trust Stock Up 0.3%

Shares of ETX stock traded up $0.06 during trading hours on Wednesday, reaching $18.81. 6,570 shares of the stock were exchanged, compared to its average volume of 14,275. The business’s fifty day moving average is $18.83 and its two-hundred day moving average is $18.97. Eaton Vance Municipal Income 2028 Term Trust has a 12-month low of $17.63 and a 12-month high of $20.00.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.0782 per share. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, February 17th.

Institutional Trading of Eaton Vance Municipal Income 2028 Term Trust

Several institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new position in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at $155,000. Clark Capital Management Group Inc. purchased a new stake in Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at $187,000. Mutual Advisors LLC acquired a new position in Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at $204,000. Anchor Investment Management LLC grew its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 16.0% during the third quarter. Anchor Investment Management LLC now owns 10,900 shares of the investment management company’s stock worth $210,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC acquired a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust during the second quarter worth about $227,000.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

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.