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

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the target of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 18,336 shares, a decrease of 81.4% from the February 12th total of 98,317 shares. Based on an average trading volume of 62,961 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 62,961 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Eaton Vance Short Duration Municipal Income ETF

Several large investors have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc bought a new position in Eaton Vance Short Duration Municipal Income ETF in the 3rd quarter worth approximately $122,000. Advisory Services Network LLC raised its stake in Eaton Vance Short Duration Municipal Income ETF by 18.2% during the 4th quarter. Advisory Services Network LLC now owns 4,689 shares of the company’s stock valued at $236,000 after acquiring an additional 721 shares in the last quarter. Diversified Portfolios Inc. acquired a new position in Eaton Vance Short Duration Municipal Income ETF during the 2nd quarter worth $258,000. FSA Advisors Inc. boosted its position in Eaton Vance Short Duration Municipal Income ETF by 79.6% during the 3rd 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. Finally, Flow Traders U.S. LLC grew its stake in shares of Eaton Vance Short Duration Municipal Income ETF by 41.9% in the second quarter. Flow Traders U.S. LLC now owns 13,199 shares of the company’s stock worth $660,000 after purchasing an additional 3,900 shares in the last quarter.

Eaton Vance Short Duration Municipal Income ETF Trading Down 0.0%

Shares of EVSM traded down $0.01 during midday trading on Tuesday, reaching $50.57. 90,369 shares of the company were exchanged, compared to its average volume of 91,336. Eaton Vance Short Duration Municipal Income ETF has a 1-year low of $48.63 and a 1-year high of $50.88. The stock has a 50-day moving average price of $50.63 and a 200-day moving average price of $50.50.

Eaton Vance Short Duration Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Friday, February 27th were paid a dividend of $0.1151 per share. This is an increase from Eaton Vance Short Duration Municipal Income ETF’s previous monthly dividend of $0.11. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 2.7%.

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.