Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM – Get Free Report) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 17,127 shares, an increase of 93.9% from the May 31st total of 8,835 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 17,538 shares, the days-to-cover ratio is currently 1.0 days.
Hedge Funds Weigh In On Eaton Vance Intermediate Municipal Income ETF
A number of institutional investors have recently bought and sold shares of EVIM. Janney Montgomery Scott LLC boosted its holdings 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 valued at $305,000 after purchasing an additional 1,060 shares during the last quarter. FSA Advisors Inc. acquired a new stake in shares of Eaton Vance Intermediate Municipal Income ETF during the 4th quarter worth approximately $360,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Eaton Vance Intermediate Municipal Income ETF during the 3rd quarter valued at approximately $425,000.
Eaton Vance Intermediate Municipal Income ETF Stock Up 0.2%
Shares of EVIM traded up $0.08 during midday trading on Thursday, reaching $53.36. The company had a trading volume of 48,334 shares, compared to its average volume of 29,715. Eaton Vance Intermediate Municipal Income ETF has a 1-year low of $50.99 and a 1-year high of $54.21. The firm has a 50 day simple moving average of $53.02 and a 200-day simple moving average of $53.19.
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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