Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Short Interest Update

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

Institutional Investors Weigh In On Eaton Vance Municipal Income 2028 Term Trust

Several institutional investors have recently made changes to their positions in ETX. Elequin Capital LP bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at approximately $38,000. Anchor Investment Management LLC boosted its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 85.7% in the 3rd quarter. Anchor Investment Management LLC now owns 6,500 shares of the investment management company’s stock valued at $123,000 after purchasing an additional 3,000 shares in the last quarter. XML Financial LLC acquired a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at $217,000. Merit Financial Group LLC acquired a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at $231,000. Finally, Jane Street Group LLC acquired a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at $272,000.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

Shares of Eaton Vance Municipal Income 2028 Term Trust stock traded down $0.04 on Wednesday, hitting $18.27. The stock had a trading volume of 591 shares, compared to its average volume of 25,325. The business’s 50 day moving average is $18.18 and its two-hundred day moving average is $18.36. 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 Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.0782 dividend. This represents a $0.94 annualized dividend and a dividend yield of 5.14%. 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.