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 significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 98,317 shares, a growth of 259.9% from the January 29th total of 27,317 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 85,194 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 85,194 shares, the short-interest ratio is presently 1.2 days. Currently, 0.8% of the shares of the stock are short sold.

Eaton Vance Short Duration Municipal Income ETF Price Performance

NYSEARCA:EVSM opened at $50.76 on Friday. Eaton Vance Short Duration Municipal Income ETF has a twelve month low of $48.63 and a twelve month high of $50.88. The company’s 50-day moving average price is $50.60 and its 200-day moving average price is $50.49.

Eaton Vance Short Duration Municipal Income ETF Increases Dividend

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

Hedge Funds Weigh In On Eaton Vance Short Duration Municipal Income ETF

Institutional investors have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc acquired a new position in Eaton Vance Short Duration Municipal Income ETF during the third quarter worth $122,000. Advisory Services Network LLC raised its holdings in shares of Eaton Vance Short Duration Municipal Income ETF by 18.2% during the 4th quarter. Advisory Services Network LLC now owns 4,689 shares of the company’s stock worth $236,000 after acquiring an additional 721 shares during the period. FSA Advisors Inc. acquired a new position in shares of Eaton Vance Short Duration Municipal Income ETF during the 2nd quarter valued at about $240,000. Diversified Portfolios Inc. purchased a new stake in shares of Eaton Vance Short Duration Municipal Income ETF in the second quarter valued at about $258,000. Finally, Flow Traders U.S. LLC grew its holdings in shares of Eaton Vance Short Duration Municipal Income ETF by 41.9% in the second quarter. Flow Traders U.S. LLC now owns 13,199 shares of the company’s stock valued at $660,000 after purchasing an additional 3,900 shares during the period.

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.