Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Short Interest Update

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 18,336 shares, a decrease of 81.4% from the February 12th total of 98,317 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 62,961 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 62,961 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Eaton Vance Short Duration Municipal Income ETF Trading Down 0.1%

NYSEARCA EVSM traded down $0.03 during trading on Wednesday, reaching $50.54. 119,268 shares of the company’s stock were exchanged, compared to its average volume of 91,693. Eaton Vance Short Duration Municipal Income ETF has a fifty-two week low of $48.63 and a fifty-two week high of $50.88. The company’s fifty day simple moving average is $50.63 and its 200-day simple moving average is $50.50.

Eaton Vance Short Duration Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Friday, February 27th were issued a dividend of $0.1151 per share. This is an increase from Eaton Vance Short Duration Municipal Income ETF’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, February 27th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors purchased a new stake in Eaton Vance Short Duration Municipal Income ETF in the 3rd quarter worth approximately $2,784,000. Farther Finance Advisors LLC grew its holdings in shares of Eaton Vance Short Duration Municipal Income ETF by 128.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 103,506 shares of the company’s stock valued at $5,220,000 after acquiring an additional 58,099 shares in the last quarter. Diversified Portfolios Inc. acquired a new position in shares of Eaton Vance Short Duration Municipal Income ETF in the second quarter worth $258,000. Nemes Rush Group LLC purchased a new stake in shares of Eaton Vance Short Duration Municipal Income ETF during the third quarter worth $1,007,000. Finally, BlueStem Wealth Partners LLC acquired a new stake in Eaton Vance Short Duration Municipal Income ETF during the fourth quarter valued at $1,485,000.

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.