Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM – Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 8,294 shares, a drop of 90.7% from the July 15th total of 89,011 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 30,480 shares, the short-interest ratio is currently 0.3 days.
Eaton Vance Intermediate Municipal Income ETF Trading Up 0.2%
Shares of NYSEARCA:EVIM traded up $0.08 during trading hours on Thursday, reaching $52.72. The stock had a trading volume of 39,304 shares, compared to its average volume of 30,763. The firm’s 50 day moving average is $52.94 and its 200-day moving average is $53.10. Eaton Vance Intermediate Municipal Income ETF has a 1 year low of $51.31 and a 1 year high of $54.21.
Institutional Trading of Eaton Vance Intermediate Municipal Income ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in 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. purchased a new position in Eaton Vance Intermediate Municipal Income ETF during the fourth quarter worth about $360,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Eaton Vance Intermediate Municipal Income ETF during the 3rd quarter worth about $425,000.
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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