Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) Short Interest Up 93.9% in June

Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 17,127 shares, a growth of 93.9% from the May 31st total of 8,835 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 17,538 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its holdings in 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 worth $305,000 after purchasing an additional 1,060 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in Eaton Vance Intermediate Municipal Income ETF during the third quarter valued at approximately $425,000. Finally, FSA Advisors Inc. grew its holdings in Eaton Vance Intermediate Municipal Income ETF by 61.2% during the first quarter. FSA Advisors Inc. now owns 10,939 shares of the company’s stock valued at $575,000 after purchasing an additional 4,153 shares during the last quarter.

Eaton Vance Intermediate Municipal Income ETF Trading Down 0.1%

Eaton Vance Intermediate Municipal Income ETF stock traded down $0.05 during mid-day trading on Wednesday, hitting $53.21. 13,612 shares of the company’s stock were exchanged, compared to its average volume of 29,444. Eaton Vance Intermediate Municipal Income ETF has a 1-year low of $50.99 and a 1-year high of $54.21. The stock has a 50 day moving average of $53.01 and a two-hundred day moving average of $53.19.

Eaton Vance Intermediate Municipal Income ETF Company Profile

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.