Short Interest in Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) Increases By 253.3%

Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) was the target of a significant growth in short interest in 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 trading volume of 41,194 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.8% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its stake in Eaton Vance Intermediate Municipal Income ETF by 22.6% in the 4th 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. purchased a new position in Eaton Vance Intermediate Municipal Income ETF during the 4th quarter valued at about $360,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Eaton Vance Intermediate Municipal Income ETF in the 3rd quarter valued at about $425,000.

Eaton Vance Intermediate Municipal Income ETF Stock Up 0.3%

Shares of NYSEARCA:EVIM traded up $0.18 during mid-day trading on Monday, hitting $52.52. The stock had a trading volume of 19,028 shares, compared to its average volume of 30,111. The company’s 50 day moving average is $53.02 and its 200-day moving average is $53.18. Eaton Vance Intermediate Municipal Income ETF has a 12-month low of $51.03 and a 12-month high of $54.21.

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.