Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) Short Interest Up 93.9% in June

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

Eaton Vance Intermediate Municipal Income ETF Trading Down 0.1%

NYSEARCA EVIM traded down $0.05 on Wednesday, hitting $53.21. 13,612 shares of the stock were exchanged, compared to its average volume of 29,444. 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 $53.01 and its two-hundred day moving average price is $53.19.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its stake in 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 worth $305,000 after acquiring an additional 1,060 shares in the last quarter. FSA Advisors Inc. purchased a new position in Eaton Vance Intermediate Municipal Income ETF during the 4th quarter valued at about $360,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Eaton Vance Intermediate Municipal Income ETF in the 3rd quarter valued at about $425,000.

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.