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

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 35,705 shares, an increase of 112.7% from the December 31st total of 16,787 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 107,945 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 107,945 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are sold short.

Eaton Vance Short Duration Municipal Income ETF Stock Performance

NYSEARCA EVSM traded down $0.11 during trading hours on Friday, reaching $50.57. The company’s stock had a trading volume of 9,616 shares, compared to its average volume of 100,735. The business has a 50-day simple moving average of $50.44 and a 200 day simple moving average of $50.41. Eaton Vance Short Duration Municipal Income ETF has a 52 week low of $48.63 and a 52 week high of $50.73.

Eaton Vance Short Duration Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Friday, January 30th will be given a dividend of $0.1126 per share. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 2.7%.

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

Several large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its stake in Eaton Vance Short Duration Municipal Income ETF by 8.3% in the fourth quarter. Farther Finance Advisors LLC now owns 112,109 shares of the company’s stock valued at $5,647,000 after buying an additional 8,603 shares during the last quarter. Sunflower Bank N.A. bought a new position in shares of Eaton Vance Short Duration Municipal Income ETF during the fourth quarter worth about $9,611,000. Ameriprise Financial Inc. acquired a new stake in shares of Eaton Vance Short Duration Municipal Income ETF in the 3rd quarter worth about $21,634,000. Nemes Rush Group LLC bought a new stake in Eaton Vance Short Duration Municipal Income ETF in the 3rd quarter valued at about $1,007,000. Finally, Diversified Portfolios Inc. lifted its position in Eaton Vance Short Duration Municipal Income ETF by 368.3% in the 3rd quarter. Diversified Portfolios Inc. now owns 24,180 shares of the company’s stock valued at $1,220,000 after purchasing an additional 19,017 shares during 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.