Short Interest in Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Drops By 93.3%

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 3,149 shares, a decrease of 93.3% from the March 31st total of 47,027 shares. Based on an average daily trading volume, of 123,518 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

Large investors have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc acquired a new stake in Eaton Vance Short Duration Municipal Income ETF during the 3rd quarter valued at $122,000. Advisory Services Network LLC boosted its position in shares of Eaton Vance Short Duration Municipal Income ETF by 18.2% in the fourth quarter. Advisory Services Network LLC now owns 4,689 shares of the company’s stock worth $236,000 after buying an additional 721 shares during the period. Nations Financial Group Inc. IA ADV purchased a new position in shares of Eaton Vance Short Duration Municipal Income ETF during the first quarter valued at $250,000. FSA Advisors Inc. grew its holdings in shares of 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 valued at $435,000 after buying an additional 3,825 shares in the last quarter. Finally, Nemes Rush Group LLC acquired a new position in Eaton Vance Short Duration Municipal Income ETF during the third quarter valued at $1,007,000.

Eaton Vance Short Duration Municipal Income ETF Stock Performance

Shares of Eaton Vance Short Duration Municipal Income ETF stock traded up $0.05 during trading on Friday, hitting $50.45. The stock had a trading volume of 123,306 shares, compared to its average volume of 99,748. Eaton Vance Short Duration Municipal Income ETF has a 1 year low of $49.57 and a 1 year high of $50.88. The stock has a 50 day simple moving average of $50.49 and a 200 day simple moving average of $50.47.

Eaton Vance Short Duration Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Friday, February 27th were paid a $0.1151 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 2.7%. This is a positive change from Eaton Vance Short Duration Municipal Income ETF’s previous monthly dividend of $0.11.

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.