Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM – Get Free Report) saw a large drop in short interest in April. As of April 15th, there was short interest totaling 11,847 shares, a drop of 83.0% from the March 31st total of 69,764 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 30,177 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Trading of Eaton Vance Intermediate Municipal Income ETF
A number of institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its holdings in shares of Eaton Vance Intermediate Municipal Income ETF by 22.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,744 shares of the company’s stock valued at $305,000 after buying an additional 1,060 shares during the period. FSA Advisors Inc. bought a new stake in shares of Eaton Vance Intermediate Municipal Income ETF during the 4th quarter valued at about $360,000. Finally, Flow Traders U.S. LLC acquired a new stake in Eaton Vance Intermediate Municipal Income ETF during the third quarter worth about $425,000.
Eaton Vance Intermediate Municipal Income ETF Price Performance
Shares of NYSEARCA EVIM traded up $0.04 during trading on Friday, reaching $53.17. The stock had a trading volume of 18,583 shares, compared to its average volume of 28,832. Eaton Vance Intermediate Municipal Income ETF has a one year low of $50.68 and a one year high of $54.21. The firm’s 50 day moving average price is $53.23 and its two-hundred day moving average price is $53.20.
Eaton Vance Intermediate Municipal Income ETF Cuts Dividend
About Eaton Vance Intermediate Municipal Income ETF
The Eaton Vance Intermediate Municipal Income ETF (EVIM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a portfolio of US municipal bonds exempt from regular federal income tax. The fund aims for an average portfolio duration between three and eight years EVIM was launched on Oct 16, 2023 and is issued by Eaton Vance.
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