Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Stock Short Interest Declines 89.9%

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 8,336 shares, a decrease of 89.9% from the September 30th total of 82,500 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 539,472 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings in Eaton Vance Short Duration Municipal Income ETF by 15.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 241,341 shares of the company’s stock worth $11,864,000 after acquiring an additional 32,846 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of Eaton Vance Short Duration Municipal Income ETF in the first quarter worth about $2,301,000. Janney Montgomery Scott LLC raised its stake in shares of 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 worth $2,091,000 after acquiring an additional 4,670 shares during the last quarter. FSA Advisors Inc. raised its stake in shares of Eaton Vance Short Duration Municipal Income ETF by 12.1% in the first quarter. FSA Advisors Inc. now owns 18,955 shares of the company’s stock worth $951,000 after acquiring an additional 2,040 shares during the last quarter. Finally, Stronghold Wealth Management L.L.C. acquired a new position in shares of Eaton Vance Short Duration Municipal Income ETF during the third quarter worth approximately $304,000.

Eaton Vance Short Duration Municipal Income ETF Stock Up 0.2%

NYSEARCA EVSM traded up $0.08 during trading hours on Monday, reaching $49.89. 226,959 shares of the company’s stock were exchanged, compared to its average volume of 151,342. The firm has a fifty day moving average of $49.69 and a 200-day moving average of $50.07. Eaton Vance Short Duration Municipal Income ETF has a one year low of $49.03 and a one year 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.