Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Stock Short Interest Rises 74.1%

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the target of a significant increase in short interest in 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 trading volume, of 32,841 shares, the days-to-cover ratio is currently 1.0 days.

Eaton Vance Municipal Income 2028 Term Trust Stock Down 0.0%

Shares of ETX stock traded down $0.01 during trading hours on Friday, hitting $17.34. The company’s stock had a trading volume of 76,473 shares, compared to its average volume of 16,884. The business has a fifty day moving average of $17.85 and a 200-day moving average of $18.40. Eaton Vance Municipal Income 2028 Term Trust has a twelve month low of $17.06 and a twelve month high of $20.00.

Eaton Vance Municipal Income 2028 Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a $0.0782 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Trading of Eaton Vance Municipal Income 2028 Term Trust

A number of large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC boosted its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 131.8% during the 1st quarter. Kestra Advisory Services LLC now owns 19,184 shares of the investment management company’s stock worth $352,000 after purchasing an additional 10,909 shares during the last quarter. Royal Bank of Canada raised its position 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 buying an additional 6,127 shares during the last quarter. Bank of America Corp DE raised its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 4.6% in the first quarter. Bank of America Corp DE now owns 133,244 shares of the investment management company’s stock valued at $2,446,000 after buying an additional 5,909 shares during the last quarter. Finally, Anchor Investment Management LLC lifted its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 22.9% during the fourth quarter. Anchor Investment Management LLC now owns 13,400 shares of the investment management company’s stock valued at $251,000 after buying an additional 2,500 shares during the period.

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.