EVN Stock Summary and Trading Ideas (Ev Muni Income Trust | NYSE:EVN)

The Fund’s investment objective is to provide current income exempt from regular federal income tax. 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 Income Trust trades on the NYSE stock market under the symbol EVN.

As of April 19, 2024, EVN stock price declined to $9.87 with 68,581 million shares trading.

EVN has a beta of 0.48, meaning it tends to be less sensitive to market movements. EVN has a correlation of 0.24 to the broad based SPY ETF.

EVN has a market cap of $391.51 million. This is considered a Small Cap stock.

In the last 3 years, EVN stock traded as high as $14.40 and as low as $8.64.

EVN has underperformed the market in the last year with a return of +4.7%, while the SPY ETF gained +21.2%. In the last 3 month period, EVN fell short of the market, returning +2.0%, while SPY returned +3.0%. However, in the most recent 2 weeks EVN has outperformed the stock market by returning -1.0%, while SPY returned -4.5%.

EVN support price is $9.81 and resistance is $9.95 (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 EVN stock will trade within this expected range on the day.