Short Interest in Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Drops By 93.3%

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 3,149 shares, a decrease of 93.3% from the March 31st total of 47,027 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 123,518 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

Several institutional investors have recently modified their holdings of the company. AdvisorNet Financial Inc acquired a new position in Eaton Vance Short Duration Municipal Income ETF during the third quarter worth about $122,000. Advisory Services Network LLC grew its stake in shares of Eaton Vance Short Duration Municipal Income ETF by 18.2% in the 4th quarter. Advisory Services Network LLC now owns 4,689 shares of the company’s stock worth $236,000 after purchasing an additional 721 shares during the last quarter. Nations Financial Group Inc. IA ADV bought a new stake in shares of Eaton Vance Short Duration Municipal Income ETF in the 1st quarter worth approximately $250,000. FSA Advisors Inc. raised its holdings in shares of Eaton Vance Short Duration Municipal Income ETF by 79.6% in the 3rd quarter. FSA Advisors Inc. now owns 8,632 shares of the company’s stock worth $435,000 after purchasing an additional 3,825 shares in the last quarter. Finally, Nemes Rush Group LLC acquired a new stake in Eaton Vance Short Duration Municipal Income ETF during the third quarter valued at approximately $1,007,000.

Eaton Vance Short Duration Municipal Income ETF Stock Up 0.1%

Shares of EVSM stock traded up $0.05 during midday trading on Friday, reaching $50.45. 123,306 shares of the company were exchanged, compared to its average volume of 99,748. Eaton Vance Short Duration Municipal Income ETF has a 12 month low of $49.57 and a 12 month high of $50.88. The company’s 50 day moving average price is $50.49 and its two-hundred day moving average price is $50.47.

Eaton Vance Short Duration Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Friday, February 27th were issued a dividend of $0.1151 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Eaton Vance Short Duration Municipal Income ETF’s previous monthly dividend of $0.11. 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.