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

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 10,834 shares, an increase of 244.0% from the April 15th total of 3,149 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 101,506 shares, the days-to-cover ratio is presently 0.1 days.

Eaton Vance Short Duration Municipal Income ETF Stock Performance

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Arkadios Wealth Advisors acquired a new position in shares of Eaton Vance Short Duration Municipal Income ETF during the third quarter worth approximately $2,784,000. Nemes Rush Group LLC acquired a new position in shares of Eaton Vance Short Duration Municipal Income ETF in the third quarter valued at $1,007,000. Diversified Portfolios Inc. raised its stake in shares of 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 valued at $1,220,000 after purchasing an additional 19,017 shares in the last quarter. Sunflower Bank N.A. acquired a new position in shares of Eaton Vance Short Duration Municipal Income ETF in the fourth quarter valued at $9,611,000. Finally, FSA Advisors Inc. raised its stake in shares of Eaton Vance Short Duration Municipal Income ETF by 79.6% in the third quarter. FSA Advisors Inc. now owns 8,632 shares of the company’s stock valued at $435,000 after purchasing an additional 3,825 shares in the last quarter.

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.