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 significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 26,900 shares, an increase of 115.2% from the January 15th total of 12,500 shares. Based on an average daily trading volume, of 28,800 shares, the short-interest ratio is presently 0.9 days.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

ETX opened at $18.20 on Friday. Eaton Vance Municipal Income 2028 Term Trust has a 1 year low of $17.48 and a 1 year high of $19.44. The stock has a fifty day moving average price of $18.00 and a 200 day moving average price of $18.42.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.0782 per share. The ex-dividend date is Friday, February 14th. This represents a $0.94 dividend on an annualized basis and a yield of 5.16%.

Institutional Trading of Eaton Vance Municipal Income 2028 Term Trust

Institutional investors have recently bought and sold shares of the company. Anchor Investment Management LLC boosted its position in Eaton Vance Municipal Income 2028 Term Trust by 85.7% during the third quarter. Anchor Investment Management LLC now owns 6,500 shares of the investment management company’s stock valued at $123,000 after purchasing an additional 3,000 shares during the last quarter. XML Financial LLC acquired a new stake in Eaton Vance Municipal Income 2028 Term Trust during the fourth quarter valued at $217,000. Merit Financial Group LLC acquired a new stake in Eaton Vance Municipal Income 2028 Term Trust during the fourth quarter valued at $231,000. Aviance Capital Partners LLC boosted its position in 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 purchasing an additional 889 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Eaton Vance Municipal Income 2028 Term Trust during the fourth quarter valued at about $272,000.

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.