Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Stock Short Interest Declines 89.9%

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 8,336 shares, a drop of 89.9% from the September 30th total of 82,500 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 539,472 shares, the short-interest ratio is currently 0.0 days.

Eaton Vance Short Duration Municipal Income ETF Stock Up 0.2%

Shares of NYSEARCA EVSM traded up $0.08 during midday trading on Monday, hitting $49.89. The stock had a trading volume of 226,959 shares, compared to its average volume of 151,342. Eaton Vance Short Duration Municipal Income ETF has a fifty-two week low of $49.03 and a fifty-two week high of $50.88. The company’s 50-day simple moving average is $49.69 and its 200 day simple moving average is $50.07.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Eaton Vance Short Duration Municipal Income ETF by 15.8% in the third quarter. Farther Finance Advisors LLC now owns 241,341 shares of the company’s stock worth $11,864,000 after purchasing an additional 32,846 shares during the period. Bessemer Group Inc. acquired a new position in Eaton Vance Short Duration Municipal Income ETF during the 1st quarter valued at about $2,301,000. Janney Montgomery Scott LLC boosted its stake in shares of Eaton Vance Short Duration Municipal Income ETF by 12.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,656 shares of the company’s stock valued at $2,091,000 after purchasing an additional 4,670 shares during the last quarter. FSA Advisors Inc. boosted its stake in shares of Eaton Vance Short Duration Municipal Income ETF by 12.1% in the 1st quarter. FSA Advisors Inc. now owns 18,955 shares of the company’s stock valued at $951,000 after purchasing an additional 2,040 shares during the last quarter. Finally, Stronghold Wealth Management L.L.C. bought a new position in shares of Eaton Vance Short Duration Municipal Income ETF in the 3rd quarter valued at about $304,000.

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.