Short Interest in Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) Increases By 106.7%

Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 46,300 shares, a growth of 106.7% from the August 31st total of 22,400 shares. Based on an average trading volume of 12,700 shares, the short-interest ratio is presently 3.6 days. Based on an average trading volume of 12,700 shares, the short-interest ratio is presently 3.6 days.

Eaton Vance Intermediate Municipal Income ETF Trading Down 0.1%

Shares of NYSEARCA EVIM traded down $0.04 during midday trading on Monday, reaching $52.50. The company had a trading volume of 454 shares, compared to its average volume of 13,287. The business’s 50-day simple moving average is $51.89 and its 200 day simple moving average is $51.42. Eaton Vance Intermediate Municipal Income ETF has a 1 year low of $49.30 and a 1 year high of $53.20.

Hedge Funds Weigh In On Eaton Vance Intermediate Municipal Income ETF

An institutional investor recently raised its position in Eaton Vance Intermediate Municipal Income ETF stock. Janney Montgomery Scott LLC increased its holdings in shares of Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) by 31.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,747 shares of the company’s stock after purchasing an additional 1,630 shares during the period. Janney Montgomery Scott LLC owned approximately 0.61% of Eaton Vance Intermediate Municipal Income ETF worth $348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.