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

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 26,992 shares, an increase of 63.2% from the July 15th total of 16,542 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 109,867 shares, the days-to-cover ratio is currently 0.2 days.

Eaton Vance Short Duration Municipal Income ETF Price Performance

Shares of NYSEARCA:EVSM traded down $0.04 during trading on Monday, reaching $50.18. 84,931 shares of the company’s stock traded hands, compared to its average volume of 101,756. The company has a 50 day moving average of $50.25 and a 200-day moving average of $50.38. Eaton Vance Short Duration Municipal Income ETF has a 12 month low of $49.94 and a 12 month high of $50.88.

Hedge Funds Weigh In On Eaton Vance Short Duration Municipal Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FSA Advisors Inc. grew its position in 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 buying an additional 2,040 shares in the last quarter. Bessemer Group Inc. bought a new stake in shares of Eaton Vance Short Duration Municipal Income ETF during the 1st quarter worth about $2,301,000. Janney Montgomery Scott LLC lifted 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 worth $2,091,000 after acquiring an additional 4,670 shares during the period. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Eaton Vance Short Duration Municipal Income ETF in the 1st quarter worth approximately $250,000. Finally, Advisory Services Network LLC boosted its holdings in shares of Eaton Vance Short Duration Municipal Income ETF by 18.2% in the fourth 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.

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.