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

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 19,894 shares, a drop of 23.1% from the February 26th total of 25,875 shares. Based on an average daily trading volume, of 11,191 shares, the short-interest ratio is currently 1.8 days.

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

Several institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new position in shares of Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter worth approximately $155,000. Clark Capital Management Group Inc. purchased a new stake in Eaton Vance Municipal Income 2028 Term Trust during the fourth quarter valued at approximately $187,000. Mutual Advisors LLC bought a new position in Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter worth approximately $204,000. Anchor Investment Management LLC raised its position in Eaton Vance Municipal Income 2028 Term Trust by 16.0% in the third quarter. Anchor Investment Management LLC now owns 10,900 shares of the investment management company’s stock worth $210,000 after acquiring an additional 1,500 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth $246,000.

Eaton Vance Municipal Income 2028 Term Trust Stock Up 0.4%

Eaton Vance Municipal Income 2028 Term Trust stock traded up $0.07 during mid-day trading on Tuesday, reaching $18.57. 70,128 shares of the stock traded hands, compared to its average volume of 15,030. Eaton Vance Municipal Income 2028 Term Trust has a 12-month low of $17.63 and a 12-month high of $20.00. The business’s 50-day moving average is $18.86 and its 200-day moving average is $19.02.

Eaton Vance Municipal Income 2028 Term Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.0782 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Monday, March 16th.

Eaton Vance Municipal Income 2028 Term Trust Company Profile

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.