Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Short Interest Down 23.5% in January

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 27,317 shares, a decrease of 23.5% from the January 15th total of 35,705 shares. Based on an average trading volume of 97,663 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 97,663 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors purchased a new position in Eaton Vance Short Duration Municipal Income ETF during the third quarter valued at approximately $2,784,000. Farther Finance Advisors LLC lifted its stake in Eaton Vance Short Duration Municipal Income ETF by 128.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 103,506 shares of the company’s stock worth $5,220,000 after purchasing an additional 58,099 shares in the last quarter. Diversified Portfolios Inc. bought a new position in Eaton Vance Short Duration Municipal Income ETF in the 2nd quarter valued at $258,000. FSA Advisors Inc. purchased a new position in shares of Eaton Vance Short Duration Municipal Income ETF during the 2nd quarter valued at $240,000. Finally, BlueStem Wealth Partners LLC purchased a new position in shares of Eaton Vance Short Duration Municipal Income ETF during the 4th quarter valued at $1,485,000.

Eaton Vance Short Duration Municipal Income ETF Trading Up 0.1%

Shares of EVSM stock traded up $0.06 during trading hours on Friday, hitting $50.82. 102,924 shares of the company were exchanged, compared to its average volume of 96,884. The firm has a fifty day simple moving average of $50.51 and a 200 day simple moving average of $50.45. Eaton Vance Short Duration Municipal Income ETF has a 52-week low of $48.63 and a 52-week high of $50.83.

Eaton Vance Short Duration Municipal Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Friday, January 30th were paid a $0.1126 dividend. The ex-dividend date was Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 2.7%.

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.