Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Short Interest Update

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETXGet Free Report) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 16,800 shares, a decline of 32.0% from the January 15th total of 24,700 shares. Based on an average daily trading volume, of 38,400 shares, the short-interest ratio is currently 0.4 days.

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

ETX stock opened at $17.88 on Tuesday. Eaton Vance Municipal Income 2028 Term Trust has a 12-month low of $16.36 and a 12-month high of $18.60. The company’s fifty day simple moving average is $17.66 and its 200 day simple moving average is $17.26.

Eaton Vance Municipal Income 2028 Term Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, February 29th. Investors of record on Thursday, February 22nd will be issued a $0.0782 dividend. This is a positive change from Eaton Vance Municipal Income 2028 Term Trust’s previous monthly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $0.94 annualized dividend and a yield of 5.25%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 4.0% during the fourth quarter. Bank of America Corp DE now owns 371,099 shares of the investment management company’s stock valued at $6,617,000 after purchasing an additional 14,180 shares during the period. UBS Group AG raised its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 1.1% during the fourth quarter. UBS Group AG now owns 199,479 shares of the investment management company’s stock valued at $3,459,000 after purchasing an additional 2,108 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 1.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 145,633 shares of the investment management company’s stock valued at $2,560,000 after purchasing an additional 2,270 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 10.0% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 110,297 shares of the investment management company’s stock valued at $1,871,000 after purchasing an additional 10,000 shares during the period. Finally, Walter & Keenan Wealth Management LLC IN ADV increased its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 2.3% during the fourth quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 105,688 shares of the investment management company’s stock worth $1,833,000 after acquiring an additional 2,361 shares in the last quarter.

About Eaton Vance Municipal Income 2028 Term Trust

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Eaton Vance Municipal Income 2028 Term Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eaton Vance Municipal Income 2028 Term Trust and related companies with MarketBeat.com's FREE daily email newsletter.