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) was the target of a significant increase in short interest during 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 short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its stake in Eaton Vance Municipal Income 2028 Term Trust by 14.4% in the third quarter. Ameriprise Financial Inc. now owns 31,998 shares of the investment management company’s stock valued at $618,000 after acquiring an additional 4,034 shares during the period. Royal Bank of Canada lifted its holdings in shares of Eaton Vance Municipal Income 2028 Term Trust by 6.9% in the 4th quarter. Royal Bank of Canada now owns 28,773 shares of the investment management company’s stock worth $538,000 after purchasing an additional 1,856 shares during the last quarter. Merit Financial Group LLC lifted its holdings in shares of 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 worth $506,000 after purchasing an additional 1,904 shares during the last quarter. Invesco Ltd. boosted its position in Eaton Vance Municipal Income 2028 Term Trust by 4.6% during the 4th quarter. Invesco Ltd. now owns 24,920 shares of the investment management company’s stock valued at $466,000 after purchasing an additional 1,094 shares during the period. Finally, Clark Capital Management Group Inc. acquired a new position in Eaton Vance Municipal Income 2028 Term Trust during the 4th quarter valued at approximately $187,000.

Eaton Vance Municipal Income 2028 Term Trust Price Performance

Shares of NYSE ETX opened at $18.64 on Thursday. The firm has a fifty day moving average of $18.81 and a 200-day moving average of $18.96. Eaton Vance Municipal Income 2028 Term Trust has a 52-week low of $17.67 and a 52-week high of $20.00.

Eaton Vance Municipal Income 2028 Term Trust Announces Dividend

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

Eaton Vance Municipal Income 2028 Term Trust Company Profile

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.