Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM – Get Free Report) was the recipient of a significant growth in short interest during the month of 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. Based on an average daily volume of 41,194 shares, the short-interest ratio is currently 2.2 days. Approximately 1.8% of the company’s stock are sold short.
Eaton Vance Intermediate Municipal Income ETF Stock Performance
Shares of EVIM traded up $0.02 during mid-day trading on Friday, reaching $52.34. The company had a trading volume of 41,814 shares, compared to its average volume of 30,206. The firm has a 50-day moving average price of $53.02 and a 200 day moving average price of $53.18. Eaton Vance Intermediate Municipal Income ETF has a 52 week low of $51.02 and a 52 week high of $54.21.
Institutional Investors Weigh In On Eaton Vance Intermediate Municipal Income ETF
Hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its holdings in Eaton Vance Intermediate Municipal Income ETF by 22.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,744 shares of the company’s stock worth $305,000 after acquiring an additional 1,060 shares in the last quarter. FSA Advisors Inc. bought a new position in shares of Eaton Vance Intermediate Municipal Income ETF during the fourth quarter valued at $360,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Eaton Vance Intermediate Municipal Income ETF in 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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