Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Short Interest Up 112.7% in January

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 35,705 shares, an increase of 112.7% from the December 31st total of 16,787 shares. Based on an average daily trading volume, of 107,945 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 107,945 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

Hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in Eaton Vance Short Duration Municipal Income ETF by 8.3% during the 4th quarter. Farther Finance Advisors LLC now owns 112,109 shares of the company’s stock valued at $5,647,000 after purchasing an additional 8,603 shares in the last quarter. Sunflower Bank N.A. purchased a new stake in shares of Eaton Vance Short Duration Municipal Income ETF during the fourth quarter worth about $9,611,000. Ameriprise Financial Inc. acquired a new position in shares of Eaton Vance Short Duration Municipal Income ETF in the third quarter worth about $21,634,000. Nemes Rush Group LLC acquired a new stake in Eaton Vance Short Duration Municipal Income ETF during the 3rd quarter valued at approximately $1,007,000. Finally, Diversified Portfolios Inc. increased its holdings in Eaton Vance Short Duration Municipal Income ETF by 368.3% during the 3rd quarter. Diversified Portfolios Inc. now owns 24,180 shares of the company’s stock worth $1,220,000 after purchasing an additional 19,017 shares during the last quarter.

Eaton Vance Short Duration Municipal Income ETF Stock Performance

Shares of NYSEARCA:EVSM traded down $0.11 during midday trading on Friday, hitting $50.57. 9,616 shares of the company’s stock traded hands, compared to its average volume of 100,735. The firm’s fifty day moving average price is $50.44 and its two-hundred day moving average price is $50.41. Eaton Vance Short Duration Municipal Income ETF has a twelve month low of $48.63 and a twelve month high of $50.73.

Eaton Vance Short Duration Municipal Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Friday, January 30th will be given a dividend of $0.1126 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a yield of 2.7%.

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.