Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Stock Short Interest Climbs 61.8%

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 39,457 shares, an increase of 61.8% from the August 31st total of 24,379 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 147,889 shares, the days-to-cover ratio is currently 0.3 days.

Eaton Vance Short Duration Municipal Income ETF Trading Up 0.1%

EVSM traded up $0.06 on Thursday, reaching $49.22. The company had a trading volume of 919,958 shares, compared to its average volume of 125,005. Eaton Vance Short Duration Municipal Income ETF has a 52-week low of $49.03 and a 52-week high of $50.88. The business has a 50 day simple moving average of $49.91 and a 200 day simple moving average of $50.17.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nations Financial Group Inc. IA ADV purchased a new position in Eaton Vance Short Duration Municipal Income ETF in the first quarter worth $250,000. FSA Advisors Inc. raised its position in Eaton Vance Short Duration Municipal Income ETF by 12.1% during the first quarter. FSA Advisors Inc. now owns 18,955 shares of the company’s stock valued at $951,000 after purchasing an additional 2,040 shares in the last quarter. Nemes Rush Group LLC lifted its stake in Eaton Vance Short Duration Municipal Income ETF by 61.4% during the fourth quarter. Nemes Rush Group LLC now owns 32,233 shares of the company’s stock worth $1,624,000 after purchasing an additional 12,261 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Eaton Vance Short Duration Municipal Income ETF by 12.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,656 shares of the company’s stock worth $2,091,000 after purchasing an additional 4,670 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new position in shares of Eaton Vance Short Duration Municipal Income ETF in the 1st quarter worth about $2,301,000.

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.