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 target of a significant 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. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 109,867 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

A number of large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. acquired a new position in Eaton Vance Short Duration Municipal Income ETF during the 3rd quarter worth approximately $21,634,000. Diversified Portfolios Inc. increased its holdings in Eaton Vance Short Duration Municipal Income ETF by 163.7% in the fourth quarter. Diversified Portfolios Inc. now owns 63,765 shares of the company’s stock valued at $3,212,000 after buying an additional 39,585 shares during the last quarter. Bessemer Group Inc. purchased a new position in Eaton Vance Short Duration Municipal Income ETF in the first quarter valued at $2,301,000. Janney Montgomery Scott LLC raised its stake in 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 valued at $2,091,000 after buying an additional 4,670 shares in the last quarter. Finally, Nemes Rush Group LLC lifted its holdings in Eaton Vance Short Duration Municipal Income ETF by 61.4% during the 4th quarter. Nemes Rush Group LLC now owns 32,233 shares of the company’s stock worth $1,624,000 after buying an additional 12,261 shares during the last quarter.

Eaton Vance Short Duration Municipal Income ETF Trading Up 0.1%

EVSM traded up $0.04 on Wednesday, hitting $50.19. 4,483 shares of the company were exchanged, compared to its average volume of 101,957. The firm has a 50-day moving average price of $50.25 and a two-hundred day moving average price of $50.37. Eaton Vance Short Duration Municipal Income ETF has a twelve month low of $49.94 and a twelve month high of $50.88.

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.