Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) Short Interest Down 35.8% in February

Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 8,398 shares, a decrease of 35.8% from the February 12th total of 13,087 shares. Based on an average trading volume of 21,441 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 21,441 shares, the short-interest ratio is presently 0.4 days.

Eaton Vance Intermediate Municipal Income ETF Price Performance

NYSEARCA EVIM traded up $0.05 on Friday, reaching $53.16. The company had a trading volume of 14,336 shares, compared to its average volume of 28,507. The company’s fifty day moving average is $53.60 and its 200-day moving average is $53.07. 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 company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Friday, February 27th were paid a $0.1382 dividend. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a yield of 3.1%.

Hedge Funds Weigh In On Eaton Vance Intermediate Municipal Income ETF

Several hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its holdings in Eaton Vance Intermediate Municipal Income ETF by 22.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,744 shares of the company’s stock worth $305,000 after purchasing an additional 1,060 shares during the last quarter. FSA Advisors Inc. bought a new stake in Eaton Vance Intermediate Municipal Income ETF during the 4th quarter worth about $360,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Eaton Vance Intermediate Municipal Income ETF during the 3rd quarter worth about $425,000.

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.