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

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 22,700 shares, a growth of 176.8% from the November 15th total of 8,200 shares. Based on an average daily trading volume, of 22,900 shares, the days-to-cover ratio is currently 1.0 days.

Eaton Vance Municipal Income 2028 Term Trust Stock Down 0.2 %

Shares of NYSE:ETX traded down $0.04 during trading on Friday, hitting $18.17. The stock had a trading volume of 18,706 shares, compared to its average volume of 26,606. Eaton Vance Municipal Income 2028 Term Trust has a 12 month low of $17.33 and a 12 month high of $19.44. The firm’s fifty day moving average is $18.50 and its 200 day moving average is $18.64.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.0782 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Monday, December 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ETX. Sanctuary Advisors LLC purchased a new stake in Eaton Vance Municipal Income 2028 Term Trust in the second quarter worth about $1,204,000. Van ECK Associates Corp raised its stake in 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 buying an additional 700 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Eaton Vance Municipal Income 2028 Term Trust by 3.7% in 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 acquiring an additional 19,700 shares in the last quarter. Aviance Capital Partners LLC grew its stake 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 worth $277,000 after acquiring an additional 889 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings 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 valued at $805,000 after acquiring an additional 3,300 shares in the last quarter.

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.