Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Short Interest Up 63.2% in July

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 26,992 shares, an increase of 63.2% from the July 15th total of 16,542 shares. Based on an average daily trading volume, of 109,867 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC increased its stake in shares of Eaton Vance Short Duration Municipal Income ETF by 18.2% in the 4th quarter. Advisory Services Network LLC now owns 4,689 shares of the company’s stock valued at $236,000 after buying an additional 721 shares during the period. Nations Financial Group Inc. IA ADV bought a new position in Eaton Vance Short Duration Municipal Income ETF during the 1st quarter worth $250,000. FSA Advisors Inc. lifted its holdings in shares of Eaton Vance Short Duration Municipal Income ETF by 96.0% during the fourth quarter. FSA Advisors Inc. now owns 16,915 shares of the company’s stock worth $852,000 after buying an additional 8,283 shares in the last quarter. BlueStem Wealth Partners LLC bought a new stake in shares of Eaton Vance Short Duration Municipal Income ETF in the fourth quarter valued at about $1,485,000. Finally, Nemes Rush Group LLC boosted its position in shares of Eaton Vance Short Duration Municipal Income ETF by 61.4% in the fourth quarter. Nemes Rush Group LLC now owns 32,233 shares of the company’s stock valued at $1,624,000 after acquiring an additional 12,261 shares during the period.

Eaton Vance Short Duration Municipal Income ETF Price Performance

Shares of NYSEARCA:EVSM traded down $0.03 during midday trading on Tuesday, reaching $50.15. 231,224 shares of the company’s stock were exchanged, compared to its average volume of 102,580. The company’s 50 day simple moving average is $50.25 and its two-hundred day simple moving average is $50.38. Eaton Vance Short Duration Municipal Income ETF has a 12 month low of $49.94 and a 12 month high of $50.88.

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.