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 target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 33,240 shares, an increase of 74.1% from the September 15th total of 19,093 shares. Based on an average daily volume of 32,841 shares, the days-to-cover ratio is presently 1.0 days.

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

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its position 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 acquiring an additional 5,909 shares during the period. Royal Bank of Canada raised its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 21.3% in the first quarter. Royal Bank of Canada now owns 34,900 shares of the investment management company’s stock valued at $641,000 after acquiring an additional 6,127 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 131.8% in the first quarter. Kestra Advisory Services LLC now owns 19,184 shares of the investment management company’s stock valued at $352,000 after acquiring an additional 10,909 shares in the last quarter. Finally, Anchor Investment Management LLC boosted 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 purchasing an additional 2,500 shares during the period.

Eaton Vance Municipal Income 2028 Term Trust Trading Down 0.2%

Shares of ETX stock traded down $0.04 during trading on Thursday, reaching $17.31. The company’s stock had a trading volume of 12,228 shares, compared to its average volume of 16,460. The stock’s 50-day moving average price is $17.89 and its 200 day moving average price is $18.42. Eaton Vance Municipal Income 2028 Term Trust has a 1-year low of $17.06 and a 1-year high of $20.00.

Eaton Vance Municipal Income 2028 Term Trust Announces Dividend

The firm also recently declared 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. This represents a $0.94 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, October 15th.

About Eaton Vance Municipal Income 2028 Term Trust

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.