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

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

Eaton Vance Municipal Income 2028 Term Trust Stock Up 0.0 %

ETX stock traded up $0.01 during mid-day trading on Monday, reaching $18.36. The company had a trading volume of 3,819 shares, compared to its average volume of 25,628. The stock has a 50 day simple moving average of $18.15 and a two-hundred day simple moving average of $18.36. Eaton Vance Municipal Income 2028 Term Trust has a 52 week low of $17.48 and a 52 week high of $19.44.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 5.11%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ETX. Elequin Capital LP bought a new position in shares of Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth approximately $38,000. Anchor Investment Management LLC boosted its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 85.7% during the 3rd quarter. Anchor Investment Management LLC now owns 6,500 shares of the investment management company’s stock worth $123,000 after acquiring an additional 3,000 shares during the period. XML Financial LLC bought a new position in shares of Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth approximately $217,000. Merit Financial Group LLC bought a new position in shares of Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth approximately $231,000. Finally, Jane Street Group LLC bought a new position in shares of Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth approximately $272,000.

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.