Short Interest in Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Drops By 77.3%

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 2,460 shares, a drop of 77.3% from the April 30th total of 10,834 shares. Based on an average daily trading volume, of 100,658 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Eaton Vance Short Duration Municipal Income ETF

Large investors have recently made changes to their positions in the company. Diversified Portfolios Inc. grew its stake in shares of Eaton Vance Short Duration Municipal Income ETF by 163.7% during the 4th quarter. Diversified Portfolios Inc. now owns 63,765 shares of the company’s stock valued at $3,212,000 after purchasing an additional 39,585 shares during the period. Nemes Rush Group LLC bought a new stake in shares of Eaton Vance Short Duration Municipal Income ETF during the 3rd quarter valued at about $1,007,000. BlueStem Wealth Partners LLC bought a new stake in shares of Eaton Vance Short Duration Municipal Income ETF during the 4th quarter valued at about $1,485,000. Sunflower Bank N.A. bought a new stake in shares of Eaton Vance Short Duration Municipal Income ETF during the 4th quarter valued at about $9,611,000. Finally, FSA Advisors Inc. grew its stake in shares of Eaton Vance Short Duration Municipal Income ETF by 79.6% during the 3rd quarter. FSA Advisors Inc. now owns 8,632 shares of the company’s stock valued at $435,000 after purchasing an additional 3,825 shares during the period.

Eaton Vance Short Duration Municipal Income ETF Price Performance

NYSEARCA EVSM traded down $0.08 during trading hours on Friday, hitting $50.26. The company’s stock had a trading volume of 114,253 shares, compared to its average volume of 98,757. Eaton Vance Short Duration Municipal Income ETF has a 12 month low of $49.72 and a 12 month high of $50.88. The company’s 50 day simple moving average is $50.30 and its two-hundred day simple moving average is $50.44.

Eaton Vance Short Duration Municipal Income ETF Company Profile

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.