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

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 18,000 shares, a decline of 15.5% from the February 28th total of 21,300 shares. Based on an average daily volume of 21,400 shares, the short-interest ratio is presently 0.8 days.

Eaton Vance Municipal Income 2028 Term Trust Trading Down 0.2 %

Shares of Eaton Vance Municipal Income 2028 Term Trust stock traded down $0.04 during mid-day trading on Thursday, reaching $18.21. 9,567 shares of the stock were exchanged, compared to its average volume of 24,254. Eaton Vance Municipal Income 2028 Term Trust has a fifty-two week low of $17.48 and a fifty-two week high of $19.44. The firm has a 50-day simple moving average of $18.26 and a 200 day simple moving average of $18.31.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.0782 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.94 annualized dividend and a yield of 5.15%.

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

A number of institutional investors have recently modified their holdings of the stock. Elequin Capital LP bought a new position in Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at $38,000. Bank of America Corp DE lifted its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 15.2% during the fourth quarter. Bank of America Corp DE now owns 98,404 shares of the investment management company’s stock valued at $1,733,000 after acquiring an additional 12,947 shares during the period. Jane Street Group LLC bought a new position in Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at about $272,000. MGO One Seven LLC acquired a new stake in Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter worth about $668,000. Finally, Stifel Financial Corp raised its holdings in Eaton Vance Municipal Income 2028 Term Trust by 13.8% during the 4th quarter. Stifel Financial Corp now owns 48,552 shares of the investment management company’s stock worth $855,000 after purchasing an additional 5,902 shares during the last quarter.

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.