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

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) saw a large drop in short interest in February. As of February 28th, there was short interest totalling 21,300 shares, a drop of 23.1% from the February 13th total of 27,700 shares. Based on an average trading volume of 25,200 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Elequin Capital LP bought a new position in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter worth about $38,000. Bank of America Corp DE raised its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 15.2% in the 4th quarter. Bank of America Corp DE now owns 98,404 shares of the investment management company’s stock worth $1,733,000 after acquiring an additional 12,947 shares in the last quarter. Jane Street Group LLC bought a new stake in Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at about $272,000. MGO One Seven LLC bought a new stake in Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at about $668,000. Finally, Stifel Financial Corp increased its position in Eaton Vance Municipal Income 2028 Term Trust by 13.8% in the 4th quarter. Stifel Financial Corp now owns 48,552 shares of the investment management company’s stock valued at $855,000 after buying an additional 5,902 shares in the last quarter.

Eaton Vance Municipal Income 2028 Term Trust Trading Down 0.2 %

Shares of NYSE ETX traded down $0.04 during mid-day trading on Wednesday, hitting $18.27. 591 shares of the stock traded hands, compared to its average volume of 25,325. Eaton Vance Municipal Income 2028 Term Trust has a twelve month low of $17.48 and a twelve month high of $19.44. The firm has a 50 day simple moving average of $18.18 and a two-hundred day simple moving average of $18.36.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.0782 per share. This represents a $0.94 annualized dividend and a dividend yield of 5.14%. The ex-dividend date is Friday, March 14th.

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.