ETX Stock Summary and Trading Ideas (Ev Muni Income 2028 Term Trust | NYSE:ETX)

The Fund’s investment objective is to provide current income exempt from regular federal income tax. The Fund will seek to achieve its investment objective by investing primarily in municipal obligations, a portion of which will be investment grade and a portion of which may be below investment grade at the time of investment. An active approach to the management of municipal investments, using the research and trading capabilities of Eaton Vance’s experienced municipal team to seek to identify and exploit opportunities to enhance portfolio income and return through relative value trading. The potential for attractive tax-exempt income each month.

Ev Muni Income 2028 Term Trust trades on the NYSE stock market under the symbol ETX.

As of April 24, 2024, ETX stock price climbed to $18.22 with 24,770 million shares trading.

ETX has a beta of 0.21, meaning it tends to be less sensitive to market movements. ETX has a correlation of 0.07 to the broad based SPY ETF.

ETX has a market cap of $198.32 million. This is considered a Micro Cap stock.

In the last 3 years, ETX stock traded as high as $24.10 and as low as $16.36.

ETX has underperformed the market in the last year with a return of +2.7%, while the SPY ETF gained +24.2%. In the last 3 month period, ETX fell short of the market, returning +3.9%, while SPY returned +4.6%. However, in the most recent 2 weeks ETX has outperformed the stock market by returning +2.7%, while SPY returned -2.7%.

ETX support price is $17.90 and resistance is $18.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ETX stock will trade within this expected range on the day.