Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Short Interest Up 56.9% in March

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 31,219 shares, an increase of 56.9% from the March 15th total of 19,894 shares. Based on an average daily trading volume, of 18,665 shares, the days-to-cover ratio is presently 1.7 days.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

Shares of ETX stock traded down $0.21 on Wednesday, hitting $18.69. The stock had a trading volume of 1,497 shares, compared to its average volume of 15,244. The company’s 50 day moving average price is $18.81 and its 200-day moving average price is $18.96. Eaton Vance Municipal Income 2028 Term Trust has a 1 year low of $17.67 and a 1 year high of $20.00.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th will be paid a $0.0782 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 5.0%.

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

Several institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in 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 during the period. Raymond James Financial Inc. increased its holdings in Eaton Vance Municipal Income 2028 Term Trust by 5.6% in the second quarter. Raymond James Financial Inc. now owns 216,949 shares of the investment management company’s stock valued at $3,907,000 after buying an additional 11,566 shares during the last quarter. Osaic Holdings Inc. lifted its position in Eaton Vance Municipal Income 2028 Term Trust by 16.7% in the second quarter. Osaic Holdings Inc. now owns 17,342 shares of the investment management company’s stock valued at $312,000 after purchasing an additional 2,487 shares during the period. World Investment Advisors acquired a new position in shares of Eaton Vance Municipal Income 2028 Term Trust during the 3rd quarter worth approximately $293,000. Finally, Merit Financial Group LLC lifted its holdings 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 in the last quarter.

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.