Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM – Get Free Report) was the target of a large growth in short interest in 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. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 34,111 shares, the days-to-cover ratio is currently 0.5 days.
Eaton Vance Intermediate Municipal Income ETF Price Performance
EVIM opened at $52.29 on Monday. Eaton Vance Intermediate Municipal Income ETF has a fifty-two week low of $51.31 and a fifty-two week high of $54.21. The stock has a fifty day moving average of $52.79 and a 200-day moving average of $53.01.
Institutional Trading of Eaton Vance Intermediate Municipal Income ETF
Several hedge funds and other institutional investors have recently bought and sold shares of EVIM. Flow Traders U.S. LLC bought a new stake in Eaton Vance Intermediate Municipal Income ETF in the 3rd quarter valued at about $425,000. FSA Advisors Inc. bought a new position in shares of Eaton Vance Intermediate Municipal Income ETF during the fourth quarter worth approximately $360,000. Finally, Janney Montgomery Scott LLC raised its position in shares of 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 in the last quarter.
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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