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

Eaton Vance Intermediate Municipal Income ETF (NYSEARCA:EVIM) was the target of a large growth in short interest in 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. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 26,208 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 26,208 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EVIM. Janney Montgomery Scott LLC raised its stake in shares of 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 worth $305,000 after buying an additional 1,060 shares during the last quarter. FSA Advisors Inc. purchased a new stake in shares of Eaton Vance Intermediate Municipal Income ETF in the 4th quarter worth about $360,000. Finally, Flow Traders U.S. LLC acquired a new stake in Eaton Vance Intermediate Municipal Income ETF in the 3rd quarter valued at about $425,000.

Eaton Vance Intermediate Municipal Income ETF Stock Performance

EVIM opened at $52.41 on Wednesday. Eaton Vance Intermediate Municipal Income ETF has a 1-year low of $49.30 and a 1-year high of $54.21. The stock’s 50 day simple moving average is $53.55 and its 200 day simple moving average is $53.16.

Eaton Vance Intermediate Municipal Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Friday, February 27th were given a dividend of $0.1382 per share. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, February 27th.

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.