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

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 18,000 shares, a drop of 15.5% from the February 28th total of 21,300 shares. Based on an average daily volume of 21,400 shares, the short-interest ratio is currently 0.8 days.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

NYSE ETX opened at $18.22 on Tuesday. The company’s fifty day simple moving average is $18.25 and its 200-day simple moving average is $18.32. Eaton Vance Municipal Income 2028 Term Trust has a 52 week low of $17.48 and a 52 week high of $19.44.

Eaton Vance Municipal Income 2028 Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.0782 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.94 dividend on an annualized basis and a yield of 5.15%.

Institutional Trading of Eaton Vance Municipal Income 2028 Term Trust

Several large investors have recently modified their holdings of ETX. Elequin Capital LP acquired a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust during the fourth quarter worth approximately $38,000. Anchor Investment Management LLC boosted its stake in Eaton Vance Municipal Income 2028 Term Trust by 85.7% during the 3rd quarter. Anchor Investment Management LLC now owns 6,500 shares of the investment management company’s stock valued at $123,000 after acquiring an additional 3,000 shares during the last quarter. XML Financial LLC bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter worth about $217,000. Merit Financial Group LLC bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter worth about $231,000. Finally, Jane Street Group LLC acquired a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at about $272,000.

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.