Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) Short Interest Down 83.0% in April

Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIMGet Free Report) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 11,847 shares, a drop of 83.0% from the March 31st total of 69,764 shares. Based on an average daily trading volume, of 30,177 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Eaton Vance Intermediate Municipal Income ETF

Institutional investors have recently bought and sold shares of the company. FSA Advisors Inc. purchased a new position in Eaton Vance Intermediate Municipal Income ETF during the fourth quarter worth about $360,000. 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. 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.

Eaton Vance Intermediate Municipal Income ETF Stock Performance

Eaton Vance Intermediate Municipal Income ETF stock traded up $0.04 during trading on Friday, reaching $53.17. 18,583 shares of the company were exchanged, compared to its average volume of 28,832. Eaton Vance Intermediate Municipal Income ETF has a 52-week low of $50.68 and a 52-week high of $54.21. The stock’s 50 day simple moving average is $53.23 and its two-hundred day simple moving average is $53.21.

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 dividend of $0.1382 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.1%.

Eaton Vance Intermediate Municipal Income ETF Company Profile

(Get Free Report)

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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