Short Interest in Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Increases By 22.9%

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 13,326 shares, a growth of 22.9% from the November 30th total of 10,840 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 81,968 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 81,968 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Eaton Vance Short Duration Municipal Income ETF Stock Performance

NYSEARCA EVSM opened at $50.37 on Friday. The company has a fifty day moving average of $50.38 and a 200 day moving average of $50.33. Eaton Vance Short Duration Municipal Income ETF has a 1 year low of $48.63 and a 1 year high of $50.73.

Hedge Funds Weigh In On Eaton Vance Short Duration Municipal Income ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. acquired a new stake in Eaton Vance Short Duration Municipal Income ETF during the third quarter worth about $21,634,000. Farther Finance Advisors LLC lifted its holdings in Eaton Vance Short Duration Municipal Income ETF by 128.0% in the third quarter. Farther Finance Advisors LLC now owns 103,506 shares of the company’s stock valued at $5,220,000 after acquiring an additional 58,099 shares during the period. Arkadios Wealth Advisors purchased a new stake in Eaton Vance Short Duration Municipal Income ETF in the 3rd quarter worth approximately $2,784,000. Nemes Rush Group LLC acquired a new stake in shares of Eaton Vance Short Duration Municipal Income ETF during the 3rd quarter worth approximately $1,007,000. Finally, Diversified Portfolios Inc. grew its stake 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 worth $1,220,000 after purchasing an additional 19,017 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.