Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) Short Interest Down 15.5% in March

Eaton Vance Municipal Income 2028 Term Trust (NYSE:ETX) saw a significant drop in short interest in 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 trading volume, of 21,400 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in shares of Eaton Vance Municipal Income 2028 Term Trust during the fourth quarter worth approximately $3,580,000. Wolverine Asset Management LLC bought a new position in Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at $862,000. MGO One Seven LLC acquired a new stake in shares of Eaton Vance Municipal Income 2028 Term Trust in the 4th quarter valued at $668,000. Rockefeller Capital Management L.P. lifted its stake in shares of Eaton Vance Municipal Income 2028 Term Trust by 6.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 590,104 shares of the investment management company’s stock valued at $10,392,000 after acquiring an additional 33,622 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Eaton Vance Municipal Income 2028 Term Trust during the fourth quarter valued at $272,000.

Eaton Vance Municipal Income 2028 Term Trust Stock Up 0.2 %

Shares of ETX traded up $0.03 on Wednesday, hitting $18.25. The company’s stock had a trading volume of 6,733 shares, compared to its average volume of 24,312. Eaton Vance Municipal Income 2028 Term Trust has a fifty-two week low of $17.48 and a fifty-two week high of $19.44. The company has a 50 day moving average price of $18.25 and a 200 day moving average price of $18.31.

Eaton Vance Municipal Income 2028 Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be paid a $0.0782 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.14%.

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.