Short Interest in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Drops By 27.2%

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 30,300 shares, a decline of 27.2% from the August 31st total of 41,600 shares. Based on an average trading volume of 26,500 shares, the days-to-cover ratio is presently 1.1 days. Based on an average trading volume of 26,500 shares, the days-to-cover ratio is presently 1.1 days.

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

Shares of NYSE ETX opened at $19.30 on Thursday. Eaton Vance Municipal Income 2028 Term Trust has a fifty-two week low of $17.48 and a fifty-two week high of $19.71. The firm’s 50-day simple moving average is $18.88 and its 200 day simple moving average is $18.37.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be given a $0.0782 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 4.9%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of ETX. Center for Financial Planning Inc. bought a new stake in Eaton Vance Municipal Income 2028 Term Trust in the first quarter worth about $35,000. Anchor Investment Management LLC raised its holdings in Eaton Vance Municipal Income 2028 Term Trust by 44.6% during the 1st quarter. Anchor Investment Management LLC now owns 9,400 shares of the investment management company’s stock worth $172,000 after buying an additional 2,900 shares during the period. Beverly Hills Private Wealth LLC acquired a new stake in Eaton Vance Municipal Income 2028 Term Trust during the 2nd quarter worth about $227,000. Virtu Financial LLC acquired a new stake in Eaton Vance Municipal Income 2028 Term Trust during the 1st quarter worth about $239,000. Finally, Aviance Capital Partners LLC raised its holdings in Eaton Vance Municipal Income 2028 Term Trust by 6.0% during the 1st quarter. Aviance Capital Partners LLC now owns 15,653 shares of the investment management company’s stock worth $286,000 after buying an additional 880 shares during the period.

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.