Short Interest in Eaton Vance High Income Municipal ETF (NASDAQ:EVYM) Expands By 554.1%

Eaton Vance High Income Municipal ETF (NASDAQ:EVYM) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 2,492 shares, a growth of 554.1% from the May 31st total of 381 shares. Based on an average daily volume of 4,922 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Eaton Vance High Income Municipal ETF

An institutional investor recently bought a new position in Eaton Vance High Income Municipal ETF stock. AdvisorNet Financial Inc purchased a new position in shares of Eaton Vance High Income Municipal ETF (NASDAQ:EVYM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,008 shares of the company’s stock, valued at approximately $50,000. AdvisorNet Financial Inc owned 0.10% of Eaton Vance High Income Municipal ETF at the end of the most recent reporting period.

Eaton Vance High Income Municipal ETF Price Performance

Shares of EVYM traded down $0.02 during mid-day trading on Friday, hitting $50.94. The company had a trading volume of 205 shares, compared to its average volume of 5,005. The business’s 50-day simple moving average is $50.48 and its 200-day simple moving average is $50.27. Eaton Vance High Income Municipal ETF has a 1-year low of $47.47 and a 1-year high of $51.07.

Eaton Vance High Income Municipal ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Friday, May 29th were issued a $0.201 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, May 29th.

Eaton Vance High Income Municipal ETF Company Profile

The Eaton Vance High Income Municipal ETF (EVYM) is an exchange-traded fund that mostly invests in high yield fixed income. The fund actively invests in US municipal debt that are exempt from federal income tax, primarily having a below investment grade rating and maturities with ten or more years. Securities are selected based on issuers creditworthiness. EVYM was launched on Feb 25, 2025 and is issued by Eaton Vance.