Short Interest in Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) Expands By 100.8%

Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 16,654 shares, a growth of 100.8% from the July 30th total of 8,294 shares. Based on an average daily trading volume, of 34,111 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Eaton Vance Intermediate Municipal Income ETF

Institutional investors have recently made changes to their positions in the business. FSA Advisors Inc. boosted its stake in Eaton Vance Intermediate Municipal Income ETF by 61.2% during the 1st quarter. FSA Advisors Inc. now owns 10,939 shares of the company’s stock valued at $575,000 after purchasing an additional 4,153 shares during the period. Janney Montgomery Scott LLC increased its position 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 buying an additional 1,060 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in Eaton Vance Intermediate Municipal Income ETF in the 3rd quarter worth approximately $425,000.

Eaton Vance Intermediate Municipal Income ETF Stock Down 0.1%

Eaton Vance Intermediate Municipal Income ETF stock traded down $0.07 during trading hours on Friday, reaching $52.29. 20,662 shares of the company were exchanged, compared to its average volume of 31,019. The stock has a 50-day moving average of $52.79 and a 200 day moving average of $53.02. Eaton Vance Intermediate Municipal Income ETF has a 12 month low of $51.31 and a 12 month high of $54.21.

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.