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

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 10,654 shares, a growth of 333.1% from the May 14th total of 2,460 shares. Based on an average daily volume of 98,528 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

A number of large investors have recently made changes to their positions in the stock. FSA Advisors Inc. boosted its position in Eaton Vance Short Duration Municipal Income ETF by 12.1% in the 1st quarter. FSA Advisors Inc. now owns 18,955 shares of the company’s stock valued at $951,000 after buying an additional 2,040 shares during the period. Bessemer Group Inc. purchased a new stake in Eaton Vance Short Duration Municipal Income ETF in the 1st quarter valued at about $2,301,000. Janney Montgomery Scott LLC boosted its position in Eaton Vance Short Duration Municipal Income ETF by 12.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,656 shares of the company’s stock valued at $2,091,000 after buying an additional 4,670 shares during the period. Nations Financial Group Inc. IA ADV purchased a new stake in Eaton Vance Short Duration Municipal Income ETF in the 1st quarter valued at about $250,000. Finally, Advisory Services Network LLC boosted its position 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.

Eaton Vance Short Duration Municipal Income ETF Stock Down 0.0%

NYSEARCA EVSM traded down $0.01 during trading on Thursday, hitting $50.30. The stock had a trading volume of 135,803 shares, compared to its average volume of 99,098. Eaton Vance Short Duration Municipal Income ETF has a one year low of $49.88 and a one year high of $50.88. The stock has a 50 day simple moving average of $50.30 and a 200 day simple moving average of $50.44.

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.