Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) Sees Significant Increase in Short Interest

Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 17,127 shares, a growth of 93.9% from the May 31st total of 8,835 shares. Based on an average trading volume of 17,538 shares, the short-interest ratio is presently 1.0 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Trading of Eaton Vance Intermediate Municipal Income ETF

A number of hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted 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 during the period. FSA Advisors Inc. grew its holdings in Eaton Vance Intermediate Municipal Income ETF by 61.2% in the first quarter. FSA Advisors Inc. now owns 10,939 shares of the company’s stock worth $575,000 after purchasing an additional 4,153 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in shares of Eaton Vance Intermediate Municipal Income ETF during the third quarter valued at approximately $425,000.

Eaton Vance Intermediate Municipal Income ETF Price Performance

Shares of EVIM remained flat at $53.36 on Friday. The stock had a trading volume of 48,334 shares, compared to its average volume of 29,715. Eaton Vance Intermediate Municipal Income ETF has a 52 week low of $50.99 and a 52 week high of $54.21. The company’s 50-day moving average price is $53.02 and its 200-day moving average price is $53.19.

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.