Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Short Interest Down 48.9% in December

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 45,720 shares, a drop of 48.9% from the November 30th total of 89,552 shares. Based on an average daily volume of 28,921 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 28,921 shares, the short-interest ratio is currently 1.6 days.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Anchor Investment Management LLC lifted its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 16.0% during the 3rd quarter. Anchor Investment Management LLC now owns 10,900 shares of the investment management company’s stock worth $210,000 after buying an additional 1,500 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Eaton Vance Municipal Income 2028 Term Trust by 14.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 31,998 shares of the investment management company’s stock valued at $618,000 after acquiring an additional 4,034 shares during the period. Raymond James Financial Inc. raised its holdings in Eaton Vance Municipal Income 2028 Term Trust by 5.8% in the 3rd quarter. Raymond James Financial Inc. now owns 229,424 shares of the investment management company’s stock valued at $4,428,000 after acquiring an additional 12,475 shares during the period. Merit Financial Group LLC lifted its position in Eaton Vance Municipal Income 2028 Term Trust by 7.8% during the third quarter. Merit Financial Group LLC now owns 26,239 shares of the investment management company’s stock worth $506,000 after acquiring an additional 1,904 shares during the last quarter. Finally, World Investment Advisors bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust during the third quarter worth approximately $293,000.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

NYSE ETX traded up $0.01 during trading on Monday, reaching $18.64. 30,780 shares of the company’s stock were exchanged, compared to its average volume of 22,177. The business has a 50 day moving average price of $19.16 and a 200-day moving average price of $18.80. Eaton Vance Municipal Income 2028 Term Trust has a fifty-two week low of $17.48 and a fifty-two week 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 Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.0782 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) annualized dividend and a yield of 5.0%.

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.