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

Eaton Vance High Income Municipal ETF (NASDAQ:EVYM) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,973 shares, a drop of 33.3% from the August 15th total of 2,959 shares. Based on an average daily trading volume, of 5,237 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of Eaton Vance High Income Municipal ETF

An institutional investor recently bought a new position in Eaton Vance High Income Municipal ETF stock. AdvisorNet Financial Inc bought a new position in shares of Eaton Vance High Income Municipal ETF (NASDAQ:EVYM) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 1,008 shares of the company’s stock, valued at approximately $50,000. AdvisorNet Financial Inc owned approximately 0.10% of Eaton Vance High Income Municipal ETF as of its most recent SEC filing.

Eaton Vance High Income Municipal ETF Stock Down 0.2%

EVYM stock traded down $0.09 during mid-day trading on Friday, reaching $48.41. 1,504 shares of the stock traded hands, compared to its average volume of 5,356. The business has a 50-day moving average of $49.81 and a two-hundred day moving average of $50.19. Eaton Vance High Income Municipal ETF has a 52 week low of $47.95 and a 52 week high of $51.22.

Eaton Vance High Income Municipal ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 31st were issued a $0.2117 dividend. This is a positive change from Eaton Vance High Income Municipal ETF’s previous monthly dividend of $0.21. The ex-dividend date of this dividend was Monday, August 31st. This represents a c) annualized dividend and a yield of 5.2%.

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.