Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Sees Large Increase in Short Interest

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

Eaton Vance Short Duration Municipal Income ETF Trading Down 0.0%

EVSM stock traded down $0.01 on Thursday, hitting $50.30. The company had a trading volume of 135,803 shares, compared to its average volume of 99,098. Eaton Vance Short Duration Municipal Income ETF has a 12-month low of $49.88 and a 12-month high of $50.88. The stock’s 50-day simple moving average is $50.30 and its 200 day simple moving average is $50.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EVSM. Ameriprise Financial Inc. purchased a new position in shares of Eaton Vance Short Duration Municipal Income ETF during the 3rd quarter worth $21,634,000. Sunflower Bank N.A. bought a new stake in shares of Eaton Vance Short Duration Municipal Income ETF in the 4th quarter worth about $9,611,000. Bessemer Group Inc. bought a new stake in shares of Eaton Vance Short Duration Municipal Income ETF in the 1st quarter worth about $2,301,000. Diversified Portfolios Inc. increased its holdings in shares of Eaton Vance Short Duration Municipal Income ETF by 163.7% in the 4th quarter. Diversified Portfolios Inc. now owns 63,765 shares of the company’s stock worth $3,212,000 after buying an additional 39,585 shares during the last quarter. Finally, BlueStem Wealth Partners LLC bought a new stake in shares of Eaton Vance Short Duration Municipal Income ETF in the 4th quarter worth about $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.