Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Short Interest Up 115.2% in January

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 26,900 shares, an increase of 115.2% from the January 15th total of 12,500 shares. Based on an average daily trading volume, of 28,800 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Eaton Vance Municipal Income 2028 Term Trust

Several institutional investors have recently modified their holdings of ETX. Van ECK Associates Corp lifted its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 1.5% in the third quarter. Van ECK Associates Corp now owns 46,630 shares of the investment management company’s stock valued at $867,000 after buying an additional 700 shares during the period. Aviance Capital Partners LLC lifted its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 6.4% in the third quarter. Aviance Capital Partners LLC now owns 14,685 shares of the investment management company’s stock valued at $277,000 after buying an additional 889 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 3.7% during the third quarter. Rockefeller Capital Management L.P. now owns 556,482 shares of the investment management company’s stock worth $10,506,000 after purchasing an additional 19,700 shares during the period. Stifel Financial Corp raised its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 8.4% during the third quarter. Stifel Financial Corp now owns 42,650 shares of the investment management company’s stock worth $805,000 after purchasing an additional 3,300 shares during the period. Finally, Anchor Investment Management LLC raised its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 85.7% during the third quarter. Anchor Investment Management LLC now owns 6,500 shares of the investment management company’s stock worth $123,000 after purchasing an additional 3,000 shares during the period.

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

Shares of Eaton Vance Municipal Income 2028 Term Trust stock opened at $18.20 on Friday. The business has a fifty day simple moving average of $18.00 and a 200-day simple moving average of $18.42. Eaton Vance Municipal Income 2028 Term Trust has a fifty-two week low of $17.48 and a fifty-two week high of $19.44.

Eaton Vance Municipal Income 2028 Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.0782 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.94 annualized dividend and a dividend yield of 5.16%.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

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.