Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Sees Large Growth in Short Interest

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 10,834 shares, a growth of 244.0% from the April 15th total of 3,149 shares. Based on an average daily volume of 101,506 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

A number of institutional investors have recently made changes to their positions in EVSM. Arkadios Wealth Advisors acquired a new position in Eaton Vance Short Duration Municipal Income ETF during the third quarter worth about $2,784,000. Nemes Rush Group LLC acquired a new position in Eaton Vance Short Duration Municipal Income ETF during the third quarter worth about $1,007,000. Diversified Portfolios Inc. grew its holdings in Eaton Vance Short Duration Municipal Income ETF by 368.3% during the third quarter. Diversified Portfolios Inc. now owns 24,180 shares of the company’s stock worth $1,220,000 after acquiring an additional 19,017 shares during the period. Sunflower Bank N.A. acquired a new position in Eaton Vance Short Duration Municipal Income ETF during the fourth quarter worth about $9,611,000. Finally, FSA Advisors Inc. grew its holdings in Eaton Vance Short Duration Municipal Income ETF by 79.6% during the third quarter. FSA Advisors Inc. now owns 8,632 shares of the company’s stock worth $435,000 after acquiring an additional 3,825 shares during the period.

Eaton Vance Short Duration Municipal Income ETF Stock Performance

EVSM stock remained flat at $50.23 during mid-day trading on Thursday. The company’s stock had a trading volume of 103,652 shares, compared to its average volume of 99,165. Eaton Vance Short Duration Municipal Income ETF has a 12 month low of $49.66 and a 12 month high of $50.88. The business has a 50 day moving average price of $50.38 and a 200-day moving average price of $50.46.

Eaton Vance Short Duration Municipal Income ETF Company Profile

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.