Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Shares Shorted: Short Interest Up 74.1% in September

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 33,240 shares, a growth of 74.1% from the September 15th total of 19,093 shares. Based on an average daily trading volume, of 32,841 shares, the short-interest ratio is presently 1.0 days.

Eaton Vance Municipal Income 2028 Term Trust Stock Down 0.0%

ETX stock traded down $0.01 on Friday, reaching $17.34. 76,473 shares of the company traded hands, compared to its average volume of 16,884. The firm has a fifty day simple moving average of $17.87 and a 200-day simple moving average of $18.41. Eaton Vance Municipal Income 2028 Term Trust has a one year low of $17.06 and a one year high of $20.00.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

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 dividend of $0.0782 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.94 annualized dividend and a dividend yield of 5.4%.

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

A number of hedge funds have recently bought and sold shares of ETX. Bank of America Corp DE grew its holdings 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 valued at $2,446,000 after buying an additional 5,909 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 21.3% during the first quarter. Royal Bank of Canada now owns 34,900 shares of the investment management company’s stock valued at $641,000 after purchasing an additional 6,127 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 131.8% during the first quarter. Kestra Advisory Services LLC now owns 19,184 shares of the investment management company’s stock valued at $352,000 after buying an additional 10,909 shares during the last quarter. Finally, Anchor Investment Management LLC raised its position in Eaton Vance Municipal Income 2028 Term Trust by 22.9% in the 4th quarter. Anchor Investment Management LLC now owns 13,400 shares of the investment management company’s stock worth $251,000 after buying an additional 2,500 shares during the last quarter.

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.