Short Interest in Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) Increases By 24.0%

Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 40,496 shares, a growth of 24.0% from the December 31st total of 32,655 shares. Based on an average daily volume of 17,363 shares, the short-interest ratio is currently 2.3 days. Approximately 1.4% of the shares of the stock are short sold. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 17,363 shares, the short-interest ratio is currently 2.3 days.

Hedge Funds Weigh In On Eaton Vance Intermediate Municipal Income ETF

A hedge fund recently bought a new stake in Eaton Vance Intermediate Municipal Income ETF stock. FSA Advisors Inc. purchased a new stake in shares of Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,786 shares of the company’s stock, valued at approximately $360,000. FSA Advisors Inc. owned 0.23% of Eaton Vance Intermediate Municipal Income ETF as of its most recent SEC filing.

Eaton Vance Intermediate Municipal Income ETF Price Performance

Eaton Vance Intermediate Municipal Income ETF stock traded up $0.06 on Wednesday, reaching $53.57. The company’s stock had a trading volume of 55,035 shares, compared to its average volume of 24,010. The business’s fifty day moving average price is $53.19 and its 200 day moving average price is $52.62. Eaton Vance Intermediate Municipal Income ETF has a twelve month low of $49.30 and a twelve month high of $53.60.

Eaton Vance Intermediate Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Friday, January 30th will be issued a dividend of $0.1463 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 3.3%.

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.