Short Interest in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Rises By 203.0%

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 40,000 shares, an increase of 203.0% from the February 29th total of 13,200 shares. Based on an average daily volume of 33,100 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of Eaton Vance Municipal Income 2028 Term Trust

Several hedge funds have recently bought and sold shares of ETX. JGP Wealth Management LLC bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth about $220,000. UBS Group AG grew its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 2.7% in the 3rd quarter. UBS Group AG now owns 197,371 shares of the investment management company’s stock worth $3,347,000 after purchasing an additional 5,133 shares during the last quarter. Anchor Investment Management LLC acquired a new position in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter worth approximately $61,000. Wolverine Asset Management LLC grew its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 405.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 40,677 shares of the investment management company’s stock worth $690,000 after purchasing an additional 32,632 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 11.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 63,997 shares of the investment management company’s stock worth $1,085,000 after purchasing an additional 6,724 shares during the last quarter.

Eaton Vance Municipal Income 2028 Term Trust Trading Down 0.3 %

NYSE:ETX traded down $0.06 during mid-day trading on Thursday, hitting $17.99. The stock had a trading volume of 28,273 shares, compared to its average volume of 28,468. The company has a 50 day simple moving average of $17.97 and a 200-day simple moving average of $17.45. Eaton Vance Municipal Income 2028 Term Trust has a 52 week low of $16.36 and a 52 week high of $18.60.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 21st will be given a $0.0782 dividend. The ex-dividend date is Wednesday, March 20th. This represents a $0.94 annualized dividend and a yield of 5.22%.

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.