Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM – Get Free Report) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 8,294 shares, a decrease 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. Currently, 0.2% of the company’s shares are short sold.
Institutional Investors Weigh In On Eaton Vance Intermediate Municipal Income ETF
Several large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its stake in Eaton Vance Intermediate Municipal Income ETF by 22.6% in the fourth 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. 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 bought a new stake in shares of Eaton Vance Intermediate Municipal Income ETF in the 3rd quarter valued at $425,000.
Eaton Vance Intermediate Municipal Income ETF Stock Performance
EVIM traded up $0.02 during trading on Tuesday, reaching $52.62. 58,293 shares of the stock traded hands, compared to its average volume of 30,787. The stock’s 50-day moving average is $52.96 and its 200 day moving average 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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