Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Sees Significant Decrease in Short Interest

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 8,336 shares, a decline of 89.9% from the September 30th total of 82,500 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 539,472 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

A number of hedge funds have recently bought and sold shares of EVSM. Stronghold Wealth Management L.L.C. bought a new position in shares of Eaton Vance Short Duration Municipal Income ETF in the third quarter worth approximately $304,000. FSA Advisors Inc. increased its position in shares of Eaton Vance Short Duration Municipal Income ETF by 12.1% during 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 period. Janney Montgomery Scott LLC grew its position in shares of Eaton Vance Short Duration Municipal Income ETF by 12.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,656 shares of the company’s stock worth $2,091,000 after buying an additional 4,670 shares in the last quarter. Bessemer Group Inc. purchased a new position in Eaton Vance Short Duration Municipal Income ETF during the 1st quarter valued at about $2,301,000. Finally, Farther Finance Advisors LLC boosted its position 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 valued at $11,864,000 after acquiring an additional 32,846 shares in the last quarter.

Eaton Vance Short Duration Municipal Income ETF Stock Up 0.0%

Shares of NYSEARCA EVSM opened at $49.91 on Tuesday. Eaton Vance Short Duration Municipal Income ETF has a one year low of $49.03 and a one year high of $50.88. The business’s fifty day moving average price is $49.70 and its 200-day moving average price is $50.22.

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.