Eaton Vance High Income Municipal ETF (NASDAQ:EVYM) Sees Significant Increase in Short Interest

Eaton Vance High Income Municipal ETF (NASDAQ:EVYM) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 4,609 shares, an increase of 93.7% from the October 15th total of 2,379 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 46,048 shares, the days-to-cover ratio is presently 0.1 days.

Eaton Vance High Income Municipal ETF Stock Down 0.8%

Shares of Eaton Vance High Income Municipal ETF stock traded down $0.39 on Friday, hitting $47.91. The stock had a trading volume of 19,043 shares, compared to its average volume of 8,863. Eaton Vance High Income Municipal ETF has a one year low of $46.34 and a one year high of $51.22. The stock’s 50-day simple moving average is $47.85 and its two-hundred day simple moving average is $49.71.

Eaton Vance High Income Municipal ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Friday, October 30th were issued a dividend of $0.1998 per share. The ex-dividend date was Friday, October 30th. This represents a $2.40 dividend on an annualized basis and a yield of 5.0%. This is a decrease from Eaton Vance High Income Municipal ETF’s previous monthly dividend of $0.2076.

Eaton Vance High Income Municipal ETF Company Profile

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.