Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Sees Significant Decrease in Short Interest

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 45,720 shares, a drop of 48.9% from the November 30th total of 89,552 shares. Based on an average trading volume of 28,921 shares, the days-to-cover ratio is presently 1.6 days. Based on an average trading volume of 28,921 shares, the days-to-cover ratio is presently 1.6 days.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

Shares of Eaton Vance Municipal Income 2028 Term Trust stock traded down $0.15 during trading on Friday, reaching $18.63. The company’s stock had a trading volume of 27,785 shares, compared to its average volume of 22,146. Eaton Vance Municipal Income 2028 Term Trust has a 52-week low of $17.48 and a 52-week high of $20.00. The firm’s 50-day moving average is $19.16 and its two-hundred day moving average is $18.80.

Eaton Vance Municipal Income 2028 Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.0782 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, December 15th.

Institutional Investors Weigh In On Eaton Vance Municipal Income 2028 Term Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. grew its position in Eaton Vance Municipal Income 2028 Term Trust by 1.0% during the 1st quarter. Raymond James Financial Inc. now owns 205,383 shares of the investment management company’s stock worth $3,752,000 after acquiring an additional 2,078 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 15.8% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 124,160 shares of the investment management company’s stock valued at $2,236,000 after purchasing an additional 16,939 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 0.6% in the second quarter. Rockefeller Capital Management L.P. now owns 589,204 shares of the investment management company’s stock worth $10,612,000 after purchasing an additional 3,600 shares during the last quarter. Anchor Investment Management LLC grew its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 44.6% in the first quarter. Anchor Investment Management LLC now owns 9,400 shares of the investment management company’s stock worth $172,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC purchased a new position in shares of Eaton Vance Municipal Income 2028 Term Trust in the second quarter worth $227,000.

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.