Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Short Interest Up 84.8% in January

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 14,600 shares, a growth of 84.8% from the December 31st total of 7,900 shares. Based on an average daily volume of 29,900 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Anchor Investment Management LLC raised its holdings in Eaton Vance Municipal Income 2028 Term Trust by 85.7% during the 3rd quarter. Anchor Investment Management LLC now owns 6,500 shares of the investment management company’s stock valued at $123,000 after buying an additional 3,000 shares during the period. XML Financial LLC bought a new position in shares of Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth $217,000. Merit Financial Group LLC bought a new stake in Eaton Vance Municipal Income 2028 Term Trust during the fourth quarter valued at about $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 in the last quarter. Finally, Stifel Financial Corp boosted its position in 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 purchasing an additional 3,300 shares in the last quarter.

Eaton Vance Municipal Income 2028 Term Trust Trading Up 0.2 %

ETX stock traded up $0.05 during midday trading on Wednesday, hitting $18.12. The company’s stock had a trading volume of 8,385 shares, compared to its average volume of 23,988. Eaton Vance Municipal Income 2028 Term Trust has a 12 month low of $17.48 and a 12 month high of $19.44. The company has a 50 day moving average of $18.02 and a two-hundred day moving average of $18.46.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.0782 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.18%.

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.