Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Sees Large Increase in Short Interest

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 19,100 shares, a growth of 9.8% from the October 15th total of 17,400 shares. Based on an average trading volume of 21,200 shares, the days-to-cover ratio is currently 0.9 days.

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

Several hedge funds have recently modified their holdings of ETX. Sanctuary Advisors LLC purchased a new position in shares of Eaton Vance Municipal Income 2028 Term Trust in the second quarter valued at $1,204,000. Rockefeller Capital Management L.P. lifted its holdings in Eaton Vance Municipal Income 2028 Term Trust by 3.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 556,482 shares of the investment management company’s stock worth $10,506,000 after buying an additional 19,700 shares in the last quarter. Stifel Financial Corp boosted its position in Eaton Vance Municipal Income 2028 Term Trust by 8.4% in the 3rd quarter. Stifel Financial Corp now owns 42,650 shares of the investment management company’s stock valued at $805,000 after buying an additional 3,300 shares during the last quarter. Aviance Capital Partners LLC grew its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 6.4% during the third quarter. Aviance Capital Partners LLC now owns 14,685 shares of the investment management company’s stock valued at $277,000 after acquiring an additional 889 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 1.5% during the third quarter. Van ECK Associates Corp now owns 46,630 shares of the investment management company’s stock valued at $867,000 after acquiring an additional 700 shares in the last quarter.

Eaton Vance Municipal Income 2028 Term Trust Trading Down 0.1 %

Shares of NYSE ETX opened at $18.40 on Friday. The stock has a fifty day moving average price of $18.71 and a 200 day moving average price of $18.66. Eaton Vance Municipal Income 2028 Term Trust has a 12-month low of $17.21 and a 12-month high of $19.44.

Eaton Vance Municipal Income 2028 Term Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a $0.0782 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.10%. This is a positive change from Eaton Vance Municipal Income 2028 Term Trust’s previous monthly dividend of $0.08.

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.