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

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

Eaton Vance Municipal Income 2028 Term Trust Trading Down 2.3%

NYSE:ETX opened at $18.50 on Friday. Eaton Vance Municipal Income 2028 Term Trust has a 52 week low of $17.63 and a 52 week high of $20.00. The firm has a 50-day moving average price of $18.86 and a two-hundred day moving average price of $19.02.

Eaton Vance Municipal Income 2028 Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given 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 of this dividend is Monday, March 16th.

Institutional Trading of Eaton Vance Municipal Income 2028 Term Trust

A number of hedge funds have recently bought and sold shares of the business. Merit Financial Group LLC grew its stake in Eaton Vance Municipal Income 2028 Term Trust by 7.8% in the 3rd quarter. Merit Financial Group LLC now owns 26,239 shares of the investment management company’s stock valued at $506,000 after purchasing an additional 1,904 shares during the period. Invesco Ltd. increased its position in shares of Eaton Vance Municipal Income 2028 Term Trust by 4.6% during the 4th quarter. Invesco Ltd. now owns 24,920 shares of the investment management company’s stock valued at $466,000 after purchasing an additional 1,094 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 16.7% during the 2nd quarter. Osaic Holdings Inc. now owns 17,342 shares of the investment management company’s stock worth $312,000 after purchasing an additional 2,487 shares during the period. Clark Capital Management Group Inc. bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter worth $187,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter worth about $155,000.

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.