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 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 currently 1.7 days.

Institutional Investors Weigh In On Eaton Vance Municipal Income 2028 Term Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JGP Wealth Management LLC purchased a new stake in Eaton Vance Municipal Income 2028 Term Trust during the fourth quarter valued at approximately $220,000. Walter & Keenan Wealth Management LLC IN ADV raised its position in Eaton Vance Municipal Income 2028 Term Trust by 2.3% during the fourth quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 105,688 shares of the investment management company’s stock valued at $1,833,000 after purchasing an additional 2,361 shares during the period. Sentinel Trust Co. LBA raised its position in Eaton Vance Municipal Income 2028 Term Trust by 659.9% during the fourth quarter. Sentinel Trust Co. LBA now owns 103,350 shares of the investment management company’s stock valued at $1,792,000 after purchasing an additional 89,750 shares during the period. Avior Wealth Management LLC purchased a new stake in Eaton Vance Municipal Income 2028 Term Trust during the fourth quarter valued at approximately $143,000. Finally, UBS Group AG raised its position in Eaton Vance Municipal Income 2028 Term Trust by 2.7% during the third quarter. UBS Group AG now owns 197,371 shares of the investment management company’s stock valued at $3,347,000 after purchasing an additional 5,133 shares during the period.

Eaton Vance Municipal Income 2028 Term Trust Trading Down 0.1 %

NYSE:ETX opened at $18.70 on Monday. Eaton Vance Municipal Income 2028 Term Trust has a 12 month low of $16.36 and a 12 month high of $18.90. The business’s 50-day moving average is $18.47 and its 200 day moving average is $18.07.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 21st were given a dividend of $0.078 per share. The ex-dividend date was Friday, June 21st. This represents a $0.94 dividend on an annualized basis and a 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.