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 24, 2024, EIM stock price declined to $10.07 with 37,257 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 $716.51 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 has underperformed the market in the last year with a return of +2.8%, while the SPY ETF gained +23.9%. In the last 3 month period, EIM fell short of the market, returning +3.2%, while SPY returned +4.3%. However, in the most recent 2 weeks EIM has outperformed the stock market by returning -0.4%, while SPY returned -3.0%.

EIM support price is $10.04 and resistance is $10.16 (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.