Short Interest in Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Grows By 9.8%

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 19,100 shares, a growth of 9.8% from the October 15th total of 17,400 shares. Based on an average daily trading volume, of 21,200 shares, the days-to-cover ratio is presently 0.9 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the 2nd quarter valued at about $1,204,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 3.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 556,482 shares of the investment management company’s stock valued at $10,506,000 after buying an additional 19,700 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 8.4% in the 3rd quarter. Stifel Financial Corp now owns 42,650 shares of the investment management company’s stock valued at $805,000 after buying an additional 3,300 shares in the last quarter. Aviance Capital Partners LLC boosted its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 6.4% in the 3rd quarter. Aviance Capital Partners LLC now owns 14,685 shares of the investment management company’s stock valued at $277,000 after buying an additional 889 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Eaton Vance Municipal Income 2028 Term Trust by 1.5% in the 3rd quarter. Van ECK Associates Corp now owns 46,630 shares of the investment management company’s stock worth $867,000 after purchasing an additional 700 shares in the last quarter.

Eaton Vance Municipal Income 2028 Term Trust Stock Down 1.4 %

Eaton Vance Municipal Income 2028 Term Trust stock opened at $18.15 on Tuesday. Eaton Vance Municipal Income 2028 Term Trust has a 52-week low of $17.28 and a 52-week high of $19.44. The firm’s fifty day moving average is $18.71 and its 200 day moving average is $18.66.

Eaton Vance Municipal Income 2028 Term Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a $0.0782 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.94 annualized dividend and a dividend yield of 5.17%. This is an increase from Eaton Vance Municipal Income 2028 Term Trust’s previous monthly dividend of $0.08.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

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.