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

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) was the target of a significant 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 trading volume, of 11,191 shares, the days-to-cover ratio is currently 1.8 days.

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

Hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter valued at $155,000. Clark Capital Management Group Inc. purchased a new stake in Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter worth $187,000. Mutual Advisors LLC bought a new stake in Eaton Vance Municipal Income 2028 Term Trust during the fourth quarter valued at about $204,000. Anchor Investment Management LLC raised its holdings in Eaton Vance Municipal Income 2028 Term Trust by 16.0% during the third quarter. Anchor Investment Management LLC now owns 10,900 shares of the investment management company’s stock valued at $210,000 after acquiring an additional 1,500 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Eaton Vance Municipal Income 2028 Term Trust in the fourth quarter valued at about $246,000.

Eaton Vance Municipal Income 2028 Term Trust Stock Down 0.1%

Shares of ETX stock traded down $0.01 during trading hours on Monday, reaching $18.50. 20,980 shares of the company traded hands, compared to its average volume of 14,113. Eaton Vance Municipal Income 2028 Term Trust has a 12-month low of $17.63 and a 12-month high of $20.00. The firm 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 Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a dividend of $0.0782 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) annualized dividend and a yield of 5.1%.

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.