Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) Short Interest Update

Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 89,011 shares, a growth of 253.3% from the June 30th total of 25,196 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily volume of 41,194 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On Eaton Vance Intermediate Municipal Income ETF

Large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its position in shares of Eaton Vance Intermediate Municipal Income ETF by 22.6% during the fourth 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 in the last quarter. FSA Advisors Inc. acquired a new stake in shares of Eaton Vance Intermediate Municipal Income ETF in the 4th quarter valued at about $360,000. Finally, Flow Traders U.S. LLC purchased a new position in Eaton Vance Intermediate Municipal Income ETF during the 3rd quarter worth approximately $425,000.

Eaton Vance Intermediate Municipal Income ETF Stock Up 0.1%

EVIM stock traded up $0.04 during midday trading on Tuesday, reaching $52.55. 7,813 shares of the company were exchanged, compared to its average volume of 29,978. Eaton Vance Intermediate Municipal Income ETF has a 1-year low of $51.03 and a 1-year high of $54.21. The stock’s 50-day simple moving average is $53.01 and its 200 day simple moving average is $53.18.

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.