Short Interest in Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) Drops By 69.7%

Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) was the target of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 13,087 shares, a decrease of 69.7% from the January 29th total of 43,187 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 49,088 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 49,088 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s shares are sold short.

Eaton Vance Intermediate Municipal Income ETF Stock Up 0.1%

EVIM traded up $0.05 on Thursday, hitting $54.19. The company had a trading volume of 3,165 shares, compared to its average volume of 29,551. The company’s fifty day moving average price is $53.48 and its 200 day moving average price is $52.90. Eaton Vance Intermediate Municipal Income ETF has a 1 year low of $49.30 and a 1 year high of $54.21.

Eaton Vance Intermediate Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Friday, January 30th were issued a $0.1463 dividend. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, January 30th.

Institutional Trading of Eaton Vance Intermediate Municipal Income ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC acquired a new position in Eaton Vance Intermediate Municipal Income ETF during the third quarter worth $425,000. FSA Advisors Inc. acquired a new stake in shares of Eaton Vance Intermediate Municipal Income ETF in the fourth quarter valued at $360,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of 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 buying an additional 1,060 shares during the period.

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.