Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Short Interest Up 65.0% in May

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 41,071 shares, a growth of 65.0% from the May 14th total of 24,899 shares. Based on an average trading volume of 11,911 shares, the days-to-cover ratio is presently 3.4 days.

Eaton Vance Municipal Income 2028 Term Trust Trading Down 1.3%

Shares of Eaton Vance Municipal Income 2028 Term Trust stock opened at $18.88 on Tuesday. The business’s fifty day simple moving average is $18.83 and its 200 day simple moving average is $18.86. Eaton Vance Municipal Income 2028 Term Trust has a 12 month low of $17.97 and a 12 month high of $20.00.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.0782 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 5.0%.

Institutional Trading of Eaton Vance Municipal Income 2028 Term Trust

Hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at $155,000. Clark Capital Management Group Inc. bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at $187,000. Mutual Advisors LLC bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at $204,000. Anchor Investment Management LLC raised its stake in shares of 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. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter valued at $246,000.

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.