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

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 52,300 shares, a decline of 35.4% from the May 31st total of 81,000 shares. Based on an average daily trading volume, of 31,300 shares, the short-interest ratio is presently 1.7 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Anchor Investment Management LLC acquired a new stake in Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at $61,000. Avior Wealth Management LLC acquired a new stake in Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at $143,000. JGP Wealth Management LLC acquired a new stake in Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at $220,000. Aviance Capital Partners LLC raised its holdings in Eaton Vance Municipal Income 2028 Term Trust by 10.2% in the first quarter. Aviance Capital Partners LLC now owns 13,148 shares of the investment management company’s stock valued at $235,000 after acquiring an additional 1,217 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in Eaton Vance Municipal Income 2028 Term Trust by 22.1% in the fourth quarter. Raymond James & Associates now owns 39,827 shares of the investment management company’s stock valued at $691,000 after acquiring an additional 7,221 shares in the last quarter.

Eaton Vance Municipal Income 2028 Term Trust Stock Down 0.1 %

Shares of ETX stock opened at $18.70 on Monday. Eaton Vance Municipal Income 2028 Term Trust has a fifty-two week low of $16.36 and a fifty-two week high of $18.90. The firm’s 50 day moving average price is $18.47 and its two-hundred day moving average price is $18.07.

Eaton Vance Municipal Income 2028 Term Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 21st were given a dividend of $0.078 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.01%.

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.