EIM Stock Summary and Trading Ideas (Ev Muni-Bond | AMEX:EIM)

The Fund’s investment objective is to provide current income exempt from federal income tax, including alternative minimum tax (AMT). Attractive tax-exempt monthly income– The Fund intends to make monthly distributions of net investment income, after payment of any dividends on any outstanding preferred shares. An objective of current income – The Fund’s portfolio manager will purchase and sell securities in an effort to maintain a competitive yield and to enhance return based on the relative value of the securities available in the market place.

Ev Muni-Bond trades on the AMEX stock market under the symbol EIM.

As of April 19, 2024, EIM stock price climbed to $10.04 with 54,521 million shares trading.

EIM has a beta of 0.53, meaning it tends to be less sensitive to market movements. EIM has a correlation of 0.32 to the broad based SPY ETF.

EIM has a market cap of $714.38 million. This is considered a Small Cap stock.

In the last 3 years, EIM stock traded as high as $14.01 and as low as $8.61.

EIM stock has underperformed the market in the last year with a return of +3.8%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EIM shares. However, EIM has outperformed the market in the last 3 month and 2 week periods, returning +4.3% and -0.2%, while SPY returned +3.0% and -4.5%, respectively. This indicates EIM has been having a stronger performance recently.

EIM support price is $9.96 and resistance is $10.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EIM stock will trade within this expected range on the day.