Eaton Vance High Income Municipal ETF (NASDAQ:EVYM) Stock Short Interest Declines 79.5%

Eaton Vance High Income Municipal ETF (NASDAQ:EVYM) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 405 shares, a decline of 79.5% from the August 31st total of 1,973 shares. Based on an average trading volume of 7,403 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of Eaton Vance High Income Municipal ETF

A hedge fund recently bought a new position in Eaton Vance High Income Municipal ETF stock. AdvisorNet Financial Inc bought a new stake in Eaton Vance High Income Municipal ETF (NASDAQ:EVYM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,008 shares of the company’s stock, valued at approximately $50,000. AdvisorNet Financial Inc owned 0.10% of Eaton Vance High Income Municipal ETF as of its most recent filing with the Securities & Exchange Commission.

Eaton Vance High Income Municipal ETF Stock Down 0.6%

Eaton Vance High Income Municipal ETF stock traded down $0.27 during midday trading on Friday, reaching $47.36. 15,083 shares of the company traded hands, compared to its average volume of 5,521. Eaton Vance High Income Municipal ETF has a 12 month low of $47.23 and a 12 month high of $51.22. The business has a 50 day moving average of $49.49 and a two-hundred day moving average of $50.09.

Eaton Vance High Income Municipal ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 31st were paid a $0.2117 dividend. This is an increase from Eaton Vance High Income Municipal ETF’s previous monthly dividend of $0.2103. The ex-dividend date was Monday, August 31st. This represents a $2.54 dividend on an annualized basis and a dividend yield of 5.4%.

About Eaton Vance High Income Municipal ETF

The Eaton Vance High Income Municipal ETF (EVYM) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in US municipal debt that are exempt from federal income tax, primarily having a below investment grade rating and maturities with ten or more years. Securities are selected based on issuers creditworthiness. EVYM was launched on Feb 25, 2025 and is issued by Eaton Vance.