Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM – Get Free Report) was the recipient of a significant drop in short interest in 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. Based on an average daily volume of 30,480 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short.
Institutional Investors Weigh In On Eaton Vance Intermediate Municipal Income ETF
Institutional investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC acquired a new position in Eaton Vance Intermediate Municipal Income ETF in the 3rd quarter valued at approximately $425,000. FSA Advisors Inc. bought a new stake in shares of Eaton Vance Intermediate Municipal Income ETF in the fourth quarter worth $360,000. Finally, Janney Montgomery Scott LLC lifted its holdings in Eaton Vance Intermediate Municipal Income ETF by 22.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,744 shares of the company’s stock worth $305,000 after buying an additional 1,060 shares during the period.
Eaton Vance Intermediate Municipal Income ETF Stock Performance
Shares of NYSEARCA:EVIM traded up $0.02 during midday trading on Tuesday, hitting $52.62. 58,293 shares of the stock were exchanged, compared to its average volume of 30,787. The business’s 50-day moving average price is $52.96 and its 200 day moving average price is $53.12. Eaton Vance Intermediate Municipal Income ETF has a 12 month low of $51.31 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.
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