Short Interest in Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) Increases By 309.8%

Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 34,419 shares, a growth of 309.8% from the February 26th total of 8,398 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average trading volume of 26,208 shares, the short-interest ratio is currently 1.3 days. Based on an average trading volume of 26,208 shares, the short-interest ratio is currently 1.3 days. Approximately 1.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Eaton Vance Intermediate Municipal Income ETF

Several institutional investors have recently bought and sold shares of EVIM. Flow Traders U.S. LLC purchased a new position in Eaton Vance Intermediate Municipal Income ETF during the 3rd quarter worth $425,000. FSA Advisors Inc. acquired a new position in shares of Eaton Vance Intermediate Municipal Income ETF during the fourth quarter worth about $360,000. Finally, Janney Montgomery Scott LLC raised 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 in the last quarter.

Eaton Vance Intermediate Municipal Income ETF Stock Down 0.7%

EVIM opened at $52.41 on Wednesday. Eaton Vance Intermediate Municipal Income ETF has a 52 week low of $49.30 and a 52 week high of $54.21. The business has a 50 day moving average price of $53.55 and a two-hundred day moving average price of $53.16.

Eaton Vance Intermediate Municipal Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Friday, February 27th were issued a dividend of $0.1382 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.2%.

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.