Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 47,389 shares, a growth of 105.2% from the September 15th total of 23,089 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 133,310 shares, the days-to-cover ratio is currently 0.4 days.
Hedge Funds Weigh In On Eaton Vance Intermediate Municipal Income ETF
A hedge fund recently raised its position in Eaton Vance Intermediate Municipal Income ETF stock. FSA Advisors Inc. increased its stake in shares of Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM – Free Report) by 61.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,939 shares of the company’s stock after purchasing an additional 4,153 shares during the quarter. FSA Advisors Inc. owned 0.27% of Eaton Vance Intermediate Municipal Income ETF worth $575,000 at the end of the most recent quarter.
Eaton Vance Intermediate Municipal Income ETF Trading Up 0.6%
Shares of NYSEARCA EVIM traded up $0.32 during midday trading on Thursday, hitting $50.97. The company’s stock had a trading volume of 133,680 shares, compared to its average volume of 48,237. The business’s fifty day simple moving average is $51.49 and its two-hundred day simple moving average is $52.42. Eaton Vance Intermediate Municipal Income ETF has a 1 year low of $49.91 and a 1 year high of $54.21.
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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