Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Short Interest Down 23.5% in January

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 27,317 shares, a decline of 23.5% from the January 15th total of 35,705 shares. Based on an average daily trading volume, of 97,663 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 97,663 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. AdvisorNet Financial Inc acquired a new position in shares of Eaton Vance Short Duration Municipal Income ETF during the third quarter valued at about $122,000. FSA Advisors Inc. bought a new position in Eaton Vance Short Duration Municipal Income ETF in the 2nd quarter valued at about $240,000. Diversified Portfolios Inc. acquired a new position in Eaton Vance Short Duration Municipal Income ETF during the 2nd quarter valued at about $258,000. Flow Traders U.S. LLC boosted its stake in Eaton Vance Short Duration Municipal Income ETF by 41.9% during the 2nd 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 last quarter. Finally, Nemes Rush Group LLC bought a new stake in Eaton Vance Short Duration Municipal Income ETF during the 3rd quarter worth approximately $1,007,000.

Eaton Vance Short Duration Municipal Income ETF Stock Up 0.1%

NYSEARCA:EVSM traded up $0.06 on Friday, hitting $50.82. The stock had a trading volume of 102,924 shares, compared to its average volume of 96,884. Eaton Vance Short Duration Municipal Income ETF has a 52 week low of $48.63 and a 52 week high of $50.83. The business’s fifty day moving average is $50.51 and its 200 day moving average is $50.45.

Eaton Vance Short Duration Municipal Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Friday, January 30th were given a $0.1126 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) annualized dividend and a yield of 2.7%.

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.