Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) Short Interest Update

Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 89,011 shares, an increase of 253.3% from the June 30th total of 25,196 shares. Based on an average daily trading volume, of 41,194 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.8% of the company’s shares are short sold.

Eaton Vance Intermediate Municipal Income ETF Price Performance

Shares of EVIM stock traded up $0.02 during trading hours on Friday, reaching $52.34. The company’s stock had a trading volume of 41,814 shares, compared to its average volume of 30,206. The firm’s fifty day simple moving average is $53.02 and its 200 day simple moving average is $53.18. Eaton Vance Intermediate Municipal Income ETF has a one year low of $51.02 and a one year high of $54.21.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC purchased a new position in shares of Eaton Vance Intermediate Municipal Income ETF during the third quarter valued at about $425,000. FSA Advisors Inc. purchased a new stake in Eaton Vance Intermediate Municipal Income ETF in the fourth quarter worth about $360,000. Finally, Janney Montgomery Scott LLC boosted its position in Eaton Vance Intermediate Municipal Income ETF by 22.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,744 shares of the company’s stock valued at $305,000 after acquiring an additional 1,060 shares in the last quarter.

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.