Short Interest in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Decreases By 23.1%

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 21,300 shares, a decrease of 23.1% from the February 13th total of 27,700 shares. Based on an average trading volume of 25,200 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Eaton Vance Municipal Income 2028 Term Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. increased its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 6.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 590,104 shares of the investment management company’s stock valued at $10,392,000 after buying an additional 33,622 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at $3,580,000. Bank of America Corp DE increased its stake 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 buying an additional 12,947 shares in the last quarter. Sanctuary Advisors LLC increased its stake 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 buying an additional 12,250 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake 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 valued at $975,000 after buying an additional 8,740 shares in the last quarter.

Eaton Vance Municipal Income 2028 Term Trust Stock Performance

Eaton Vance Municipal Income 2028 Term Trust stock traded down $0.05 during mid-day trading on Tuesday, hitting $18.31. 8,040 shares of the company were exchanged, compared to its average volume of 25,417. The business has a fifty day moving average of $18.18 and a 200 day moving average of $18.36. Eaton Vance Municipal Income 2028 Term Trust has a 1-year low of $17.48 and a 1-year high of $19.44.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.0782 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.13%.

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.