Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Short Interest Up 333.1% in May

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 10,654 shares, an increase of 333.1% from the May 14th total of 2,460 shares. Based on an average daily trading volume, of 98,528 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Eaton Vance Short Duration Municipal Income ETF Stock Performance

Eaton Vance Short Duration Municipal Income ETF stock opened at $50.33 on Friday. Eaton Vance Short Duration Municipal Income ETF has a 1-year low of $49.88 and a 1-year high of $50.88. The stock’s 50 day moving average price is $50.30 and its 200 day moving average price is $50.44.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

A number of institutional investors have recently modified their holdings of EVSM. Ameriprise Financial Inc. purchased a new stake in shares of Eaton Vance Short Duration Municipal Income ETF in the third quarter valued at approximately $21,634,000. Sunflower Bank N.A. purchased a new stake in Eaton Vance Short Duration Municipal Income ETF during the fourth quarter worth $9,611,000. Bessemer Group Inc. purchased a new stake in Eaton Vance Short Duration Municipal Income ETF during the first quarter worth $2,301,000. Diversified Portfolios Inc. boosted its position in Eaton Vance Short Duration Municipal Income ETF by 163.7% during the fourth quarter. Diversified Portfolios Inc. now owns 63,765 shares of the company’s stock worth $3,212,000 after purchasing an additional 39,585 shares in the last quarter. Finally, BlueStem Wealth Partners LLC purchased a new stake in Eaton Vance Short Duration Municipal Income ETF during the fourth quarter worth $1,485,000.

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.