Short Interest in Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Grows By 22.9%
by Teresa Graham · The Cerbat GemEaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM – Get Free Report) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 13,326 shares, an increase of 22.9% from the November 30th total of 10,840 shares. Based on an average daily volume of 81,968 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 81,968 shares, the short-interest ratio is presently 0.2 days.
Hedge Funds Weigh In On Eaton Vance Short Duration Municipal Income ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in shares of Eaton Vance Short Duration Municipal Income ETF by 128.0% during the 3rd 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. Janney Montgomery Scott LLC raised its stake in Eaton Vance Short Duration Municipal Income ETF by 23.5% in the second quarter. Janney Montgomery Scott LLC now owns 29,926 shares of the company’s stock valued at $1,496,000 after purchasing an additional 5,695 shares in the last quarter. Diversified Portfolios Inc. acquired a new position in Eaton Vance Short Duration Municipal Income ETF in the second quarter valued at about $258,000. FSA Advisors Inc. bought a new stake in Eaton Vance Short Duration Municipal Income ETF during the second quarter worth about $240,000. Finally, Flow Traders U.S. LLC lifted its position in Eaton Vance Short Duration Municipal Income ETF by 41.9% during the second quarter. Flow Traders U.S. LLC now owns 13,199 shares of the company’s stock worth $660,000 after purchasing an additional 3,900 shares during the period.
Eaton Vance Short Duration Municipal Income ETF Stock Up 0.1%
Shares of EVSM traded up $0.03 during mid-day trading on Thursday, hitting $50.37. 79,809 shares of the company’s stock were exchanged, compared to its average volume of 71,055. Eaton Vance Short Duration Municipal Income ETF has a 52 week low of $48.63 and a 52 week high of $50.73. The stock’s 50-day simple moving average is $50.38 and its 200-day simple moving average is $50.33.
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.