Short Interest in Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Drops By 77.3%

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 2,460 shares, a decrease of 77.3% from the April 30th total of 10,834 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 100,658 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

Several hedge funds have recently modified their holdings of EVSM. FSA Advisors Inc. raised its holdings in shares of Eaton Vance Short Duration Municipal Income ETF by 79.6% during the 3rd quarter. FSA Advisors Inc. now owns 8,632 shares of the company’s stock worth $435,000 after acquiring an additional 3,825 shares in the last quarter. Diversified Portfolios Inc. increased its position in shares of Eaton Vance Short Duration Municipal Income ETF by 368.3% during the 3rd quarter. Diversified Portfolios Inc. now owns 24,180 shares of the company’s stock valued at $1,220,000 after purchasing an additional 19,017 shares during the last quarter. Nemes Rush Group LLC bought a new position in shares of Eaton Vance Short Duration Municipal Income ETF during the 3rd quarter valued at approximately $1,007,000. Ameriprise Financial Inc. bought a new position in shares of Eaton Vance Short Duration Municipal Income ETF during the 3rd quarter valued at approximately $21,634,000. Finally, Sunflower Bank N.A. bought a new position in shares of Eaton Vance Short Duration Municipal Income ETF during the 4th quarter valued at approximately $9,611,000.

Eaton Vance Short Duration Municipal Income ETF Stock Down 0.2%

Shares of EVSM traded down $0.08 during mid-day trading on Friday, hitting $50.26. 114,253 shares of the stock were exchanged, compared to its average volume of 98,757. Eaton Vance Short Duration Municipal Income ETF has a 52-week low of $49.72 and a 52-week high of $50.88. The firm has a 50-day moving average of $50.30 and a two-hundred day moving average of $50.44.

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.