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

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the recipient of a significant drop in short interest in 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 presently 1.8 days.

Eaton Vance Municipal Income 2028 Term Trust Trading Down 2.3%

Shares of NYSE ETX opened at $18.50 on Friday. The company has a 50-day moving average price of $18.86 and a 200-day moving average price of $19.02. Eaton Vance Municipal Income 2028 Term Trust has a 1 year low of $17.63 and a 1 year high of $20.00.

Eaton Vance Municipal Income 2028 Term Trust Announces Dividend

The business 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. The ex-dividend date is Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 5.1%.

Institutional Trading of Eaton Vance Municipal Income 2028 Term Trust

Several institutional investors and hedge funds have recently modified their holdings of ETX. Royal Bank of Canada lifted its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 5.3% in the first quarter. Royal Bank of Canada now owns 29,981 shares of the investment management company’s stock valued at $548,000 after purchasing an additional 1,509 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Eaton Vance Municipal Income 2028 Term Trust by 5.6% during the second quarter. Raymond James Financial Inc. now owns 216,949 shares of the investment management company’s stock worth $3,907,000 after buying an additional 11,566 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Eaton Vance Municipal Income 2028 Term Trust by 16.7% during the second quarter. Osaic Holdings Inc. now owns 17,342 shares of the investment management company’s stock worth $312,000 after buying an additional 2,487 shares in the last quarter. World Investment Advisors purchased a new stake in Eaton Vance Municipal Income 2028 Term Trust in the 3rd quarter valued at $293,000. Finally, Merit Financial Group LLC raised its position 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 buying an additional 1,904 shares during the last quarter.

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.