Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Sees Large Increase in Short Interest

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 26,992 shares, a growth of 63.2% from the July 15th total of 16,542 shares. Based on an average daily volume of 109,867 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are sold short.

Eaton Vance Short Duration Municipal Income ETF Price Performance

Shares of Eaton Vance Short Duration Municipal Income ETF stock traded down $0.04 on Monday, hitting $50.18. The company’s stock had a trading volume of 84,931 shares, compared to its average volume of 101,756. Eaton Vance Short Duration Municipal Income ETF has a 52-week low of $49.94 and a 52-week high of $50.88. The firm has a fifty day moving average price of $50.25 and a 200-day moving average price of $50.38.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

A number of hedge funds have recently bought and sold shares of EVSM. Advisory Services Network LLC grew its holdings in Eaton Vance Short Duration Municipal Income ETF by 18.2% in the 4th quarter. Advisory Services Network LLC now owns 4,689 shares of the company’s stock valued at $236,000 after buying an additional 721 shares during the period. Nations Financial Group Inc. IA ADV purchased a new position in shares of Eaton Vance Short Duration Municipal Income ETF during the 1st quarter worth about $250,000. FSA Advisors Inc. boosted its position in shares of Eaton Vance Short Duration Municipal Income ETF by 96.0% in the fourth quarter. FSA Advisors Inc. now owns 16,915 shares of the company’s stock worth $852,000 after acquiring an additional 8,283 shares during the last quarter. BlueStem Wealth Partners LLC purchased a new stake in Eaton Vance Short Duration Municipal Income ETF in the fourth quarter valued at approximately $1,485,000. Finally, Nemes Rush Group LLC grew its holdings in Eaton Vance Short Duration Municipal Income ETF by 61.4% in the fourth quarter. Nemes Rush Group LLC now owns 32,233 shares of the company’s stock valued at $1,624,000 after purchasing an additional 12,261 shares during the period.

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.