Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Short Interest Update

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 25,433 shares, a drop of 44.4% from the December 15th total of 45,720 shares. Based on an average daily volume of 34,569 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 34,569 shares, the days-to-cover ratio is currently 0.7 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Anchor Investment Management LLC raised its stake in Eaton Vance Municipal Income 2028 Term Trust by 16.0% during the 3rd quarter. Anchor Investment Management LLC now owns 10,900 shares of the investment management company’s stock valued at $210,000 after purchasing an additional 1,500 shares during the period. Beverly Hills Private Wealth LLC purchased a new position in shares of Eaton Vance Municipal Income 2028 Term Trust during the second quarter valued at $227,000. World Investment Advisors acquired a new position in Eaton Vance Municipal Income 2028 Term Trust during the third quarter valued at $293,000. Osaic Holdings Inc. raised its position in Eaton Vance Municipal Income 2028 Term Trust by 16.7% during the second quarter. Osaic Holdings Inc. now owns 17,342 shares of the investment management company’s stock valued at $312,000 after buying an additional 2,487 shares during the period. Finally, Aviance Capital Partners LLC lifted its stake in Eaton Vance Municipal Income 2028 Term Trust by 14.8% in the 2nd quarter. Aviance Capital Partners LLC now owns 17,965 shares of the investment management company’s stock worth $324,000 after acquiring an additional 2,312 shares in the last quarter.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

NYSE ETX traded down $0.12 on Thursday, hitting $18.67. 18,050 shares of the company were exchanged, compared to its average volume of 21,235. The company’s 50 day moving average price is $19.02 and its 200-day moving average price is $18.85. Eaton Vance Municipal Income 2028 Term Trust has a twelve month low of $17.63 and a twelve month high of $20.00.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.0782 per share. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

About Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance Municipal Income 2028 Term Trust (NYSE: ETX) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The trust primarily invests in investment-grade municipal securities that mature on or before the trust’s termination date in 2028, focusing on debt issued by state and local governments, authorities, and agencies across the United States.

The portfolio is diversified across sectors such as transportation, education, healthcare, utilities, and general purpose obligations, with the goal of managing credit risk and preserving capital.