Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Short Interest Up 112.7% in January

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 35,705 shares, a growth of 112.7% from the December 31st total of 16,787 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 107,945 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 107,945 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Eaton Vance Short Duration Municipal Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in Eaton Vance Short Duration Municipal Income ETF by 8.3% in the 4th quarter. Farther Finance Advisors LLC now owns 112,109 shares of the company’s stock valued at $5,647,000 after acquiring an additional 8,603 shares in the last quarter. Sunflower Bank N.A. purchased a new position in shares of Eaton Vance Short Duration Municipal Income ETF in the fourth quarter worth $9,611,000. Ameriprise Financial Inc. bought a new position in shares of Eaton Vance Short Duration Municipal Income ETF during the third quarter valued at $21,634,000. Nemes Rush Group LLC bought a new position in Eaton Vance Short Duration Municipal Income ETF during the third quarter valued at approximately $1,007,000. Finally, Diversified Portfolios Inc. boosted its position in Eaton Vance Short Duration Municipal Income ETF by 368.3% in the third quarter. Diversified Portfolios Inc. now owns 24,180 shares of the company’s stock worth $1,220,000 after purchasing an additional 19,017 shares during the last quarter.

Eaton Vance Short Duration Municipal Income ETF Trading Down 0.2%

Shares of NYSEARCA EVSM traded down $0.11 during trading on Friday, reaching $50.57. The company had a trading volume of 49,359 shares, compared to its average volume of 102,748. Eaton Vance Short Duration Municipal Income ETF has a 12-month low of $48.63 and a 12-month high of $50.73. The business’s 50-day moving average is $50.45 and its 200 day moving average is $50.41.

Eaton Vance Short Duration Municipal Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Friday, January 30th will be issued a $0.1126 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a yield of 2.7%.

About Eaton Vance Short Duration Municipal Income ETF

The Eaton Vance Short Duration Municipal Income ETF (EVSM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in USD-denominated tax-exempt municipal bonds, rated investment grade and with a portfolio maturity of less than three years. EVSM was launched on Dec 19, 2018 and is issued by Eaton Vance.