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 growth in short interest in the month of May. As of May 29th, there was short interest totaling 10,654 shares, a growth of 333.1% from the May 14th total of 2,460 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 98,528 shares, the days-to-cover ratio is currently 0.1 days.

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

Institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC grew its stake in Eaton Vance Short Duration Municipal Income ETF by 18.2% in 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 during the period. Nations Financial Group Inc. IA ADV acquired a new stake in Eaton Vance Short Duration Municipal Income ETF in the 1st quarter valued at $250,000. FSA Advisors Inc. grew its stake in Eaton Vance Short Duration Municipal Income ETF by 79.6% in the 3rd quarter. FSA Advisors Inc. now owns 8,632 shares of the company’s stock valued at $435,000 after acquiring an additional 3,825 shares during the period. Nemes Rush Group LLC acquired a new stake in Eaton Vance Short Duration Municipal Income ETF in the 3rd quarter valued at $1,007,000. Finally, Diversified Portfolios Inc. grew its stake 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 acquiring an additional 19,017 shares during the period.

Eaton Vance Short Duration Municipal Income ETF Stock Up 0.1%

Shares of NYSEARCA EVSM opened at $50.33 on Friday. The firm’s 50 day simple moving average is $50.30 and its 200-day simple moving average is $50.44. Eaton Vance Short Duration Municipal Income ETF has a 12 month low of $49.88 and a 12 month high of $50.88.

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.