Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Short Interest Update

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 39,457 shares, an increase of 61.8% from the August 31st total of 24,379 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 147,889 shares, the days-to-cover ratio is currently 0.3 days.

Eaton Vance Short Duration Municipal Income ETF Stock Up 0.2%

Shares of NYSEARCA:EVSM traded up $0.08 during trading on Wednesday, reaching $49.16. The stock had a trading volume of 427,810 shares, compared to its average volume of 119,881. Eaton Vance Short Duration Municipal Income ETF has a one year low of $49.03 and a one year high of $50.88. The firm’s 50-day simple moving average is $49.94 and its 200 day simple moving average is $50.19.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in EVSM. Bessemer Group Inc. purchased a new position in Eaton Vance Short Duration Municipal Income ETF during the 1st quarter worth $2,301,000. Janney Montgomery Scott LLC boosted its holdings in Eaton Vance Short Duration Municipal Income ETF by 12.6% in the first quarter. Janney Montgomery Scott LLC now owns 41,656 shares of the company’s stock worth $2,091,000 after acquiring an additional 4,670 shares in the last quarter. Nemes Rush Group LLC boosted its holdings in 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 worth $1,624,000 after acquiring an additional 12,261 shares in the last quarter. FSA Advisors Inc. grew its stake in shares of Eaton Vance Short Duration Municipal Income ETF by 12.1% during the first quarter. FSA Advisors Inc. now owns 18,955 shares of the company’s stock worth $951,000 after acquiring an additional 2,040 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in shares of Eaton Vance Short Duration Municipal Income ETF during the first quarter worth about $250,000.

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.