Short Interest in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Expands By 9.8%

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

Eaton Vance Municipal Income 2028 Term Trust Price Performance

Shares of NYSE ETX opened at $18.15 on Tuesday. The firm has a fifty day moving average of $18.71 and a 200 day moving average of $18.66. Eaton Vance Municipal Income 2028 Term Trust has a one year low of $17.28 and a one year high of $19.44.

Eaton Vance Municipal Income 2028 Term Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.0782 per share. This is a boost from Eaton Vance Municipal Income 2028 Term Trust’s previous monthly dividend of $0.08. The ex-dividend date is Thursday, November 21st. This represents a $0.94 annualized dividend and a dividend yield of 5.17%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ETX. Aviance Capital Partners LLC increased 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 worth $277,000 after buying an additional 889 shares during the period. Stifel Financial Corp boosted its holdings in Eaton Vance Municipal Income 2028 Term Trust by 8.4% in the third quarter. Stifel Financial Corp now owns 42,650 shares of the investment management company’s stock valued at $805,000 after purchasing an additional 3,300 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Eaton Vance Municipal Income 2028 Term Trust by 1.5% in the third quarter. Van ECK Associates Corp now owns 46,630 shares of the investment management company’s stock valued at $867,000 after purchasing an additional 700 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Eaton Vance Municipal Income 2028 Term Trust in the second quarter valued at approximately $1,204,000. Finally, 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 valued at $10,506,000 after purchasing an additional 19,700 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.