Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Sees Large Growth in Short Interest

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 10,834 shares, a growth of 244.0% from the April 15th total of 3,149 shares. Based on an average trading volume of 101,506 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Eaton Vance Short Duration Municipal Income ETF Price Performance

Shares of NYSEARCA:EVSM traded down $0.07 during mid-day trading on Friday, reaching $50.16. The stock had a trading volume of 63,746 shares, compared to its average volume of 98,783. Eaton Vance Short Duration Municipal Income ETF has a 1 year low of $49.66 and a 1 year high of $50.88. The business’s 50 day moving average price is $50.36 and its 200 day moving average price is $50.45.

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

Hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors purchased a new stake in shares of Eaton Vance Short Duration Municipal Income ETF in the third quarter worth about $2,784,000. Nemes Rush Group LLC purchased a new stake in shares of Eaton Vance Short Duration Municipal Income ETF in the third quarter worth about $1,007,000. Diversified Portfolios Inc. lifted its position in shares of Eaton Vance Short Duration Municipal Income ETF by 368.3% in the third quarter. Diversified Portfolios Inc. now owns 24,180 shares of the company’s stock worth $1,220,000 after buying an additional 19,017 shares in the last quarter. Sunflower Bank N.A. purchased a new stake in shares of Eaton Vance Short Duration Municipal Income ETF in the fourth quarter worth about $9,611,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Eaton Vance Short Duration Municipal Income ETF by 12.6% in the first quarter. Janney Montgomery Scott LLC now owns 41,656 shares of the company’s stock worth $2,091,000 after buying an additional 4,670 shares in the last quarter.

About Eaton Vance Short Duration Municipal Income ETF

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.