Short Interest in Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Expands By 244.0%

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

Eaton Vance Short Duration Municipal Income ETF Price Performance

Eaton Vance Short Duration Municipal Income ETF stock traded down $0.07 during mid-day trading on Friday, reaching $50.16. 63,746 shares of the company’s stock traded hands, compared to its average volume of 98,783. Eaton Vance Short Duration Municipal Income ETF has a 12-month low of $49.66 and a 12-month high of $50.88. The stock has a 50 day moving average of $50.36 and a two-hundred day moving average of $50.45.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of EVSM. Ameriprise Financial Inc. purchased a new stake in Eaton Vance Short Duration Municipal Income ETF in the 3rd quarter valued at about $21,634,000. Sunflower Bank N.A. purchased a new stake in Eaton Vance Short Duration Municipal Income ETF in the 4th quarter valued at about $9,611,000. Arkadios Wealth Advisors purchased a new stake in Eaton Vance Short Duration Municipal Income ETF in the 3rd quarter valued at about $2,784,000. Bessemer Group Inc. purchased a new stake in Eaton Vance Short Duration Municipal Income ETF in the 1st quarter valued at about $2,301,000. Finally, Diversified Portfolios Inc. increased its stake in Eaton Vance Short Duration Municipal Income ETF by 163.7% during the fourth quarter. Diversified Portfolios Inc. now owns 63,765 shares of the company’s stock worth $3,212,000 after purchasing an additional 39,585 shares during the period.

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.