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

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 98,317 shares, an increase of 259.9% from the January 29th total of 27,317 shares. Based on an average daily trading volume, of 85,194 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.8% of the shares of the company are short sold. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 85,194 shares, the days-to-cover ratio is currently 1.2 days.

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

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC raised its position in shares of Eaton Vance Short Duration Municipal Income ETF by 18.2% during the 4th quarter. Advisory Services Network LLC now owns 4,689 shares of the company’s stock valued at $236,000 after acquiring an additional 721 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Eaton Vance Short Duration Municipal Income ETF by 26.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 36,986 shares of the company’s stock valued at $1,863,000 after purchasing an additional 7,687 shares during the last quarter. Nemes Rush Group LLC raised its holdings in shares of Eaton Vance Short Duration Municipal Income ETF by 61.4% during the fourth quarter. Nemes Rush Group LLC now owns 32,233 shares of the company’s stock worth $1,624,000 after purchasing an additional 12,261 shares during the period. Diversified Portfolios Inc. lifted its position 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 position in Eaton Vance Short Duration Municipal Income ETF in the fourth quarter worth about $1,485,000.

Eaton Vance Short Duration Municipal Income ETF Stock Up 0.0%

NYSEARCA:EVSM traded up $0.02 during mid-day trading on Thursday, reaching $50.86. The company’s stock had a trading volume of 22,114 shares, compared to its average volume of 88,085. The company’s fifty day simple moving average is $50.58 and its two-hundred day simple moving average is $50.48. Eaton Vance Short Duration Municipal Income ETF has a twelve month low of $48.63 and a twelve month high of $50.88.

Eaton Vance Short Duration Municipal Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Friday, January 30th were issued a dividend of $0.1126 per share. 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.