Short Interest in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Decreases By 15.5%

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 18,000 shares, a drop of 15.5% from the February 28th total of 21,300 shares. Based on an average daily volume of 21,400 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On Eaton Vance Municipal Income 2028 Term Trust

A number of large investors have recently added to or reduced their stakes in ETX. Rockefeller Capital Management L.P. boosted its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 6.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 590,104 shares of the investment management company’s stock worth $10,392,000 after buying an additional 33,622 shares during the period. Raymond James Financial Inc. bought a new position in shares of Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth approximately $3,580,000. Bank of America Corp DE raised its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 15.2% in the fourth quarter. Bank of America Corp DE now owns 98,404 shares of the investment management company’s stock valued at $1,733,000 after purchasing an additional 12,947 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 18.4% in the third quarter. Sanctuary Advisors LLC now owns 78,933 shares of the investment management company’s stock valued at $1,431,000 after purchasing an additional 12,250 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 18.7% in the fourth quarter. Van ECK Associates Corp now owns 55,370 shares of the investment management company’s stock worth $975,000 after purchasing an additional 8,740 shares in the last quarter.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

Shares of ETX traded down $0.04 on Thursday, hitting $18.21. The company’s stock had a trading volume of 9,567 shares, compared to its average volume of 24,254. The firm’s fifty day moving average price is $18.26 and its 200-day moving average price is $18.31. Eaton Vance Municipal Income 2028 Term Trust has a fifty-two week low of $17.48 and a fifty-two week high of $19.44.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.0782 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Tuesday, April 15th.

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.