Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Short Interest Update
by Doug Wharley · The Cerbat GemEaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM – Get Free Report) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 3,149 shares, a decrease of 93.3% from the March 31st total of 47,027 shares. Based on an average daily trading volume, of 123,518 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
Eaton Vance Short Duration Municipal Income ETF Price Performance
Shares of NYSEARCA:EVSM traded up $0.05 during trading on Friday, reaching $50.45. 123,306 shares of the company’s stock traded hands, compared to its average volume of 99,748. Eaton Vance Short Duration Municipal Income ETF has a 12 month low of $49.57 and a 12 month high of $50.88. The company has a 50 day moving average of $50.49 and a 200-day moving average of $50.47.
Eaton Vance Short Duration Municipal Income ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Friday, February 27th were given a dividend of $0.1151 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Eaton Vance Short Duration Municipal Income ETF’s previous monthly dividend of $0.11.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC grew 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 worth $236,000 after purchasing an additional 721 shares during the last quarter. AdvisorNet Financial Inc bought a new position in Eaton Vance Short Duration Municipal Income ETF in the 3rd quarter worth about $122,000. FSA Advisors Inc. grew its position in Eaton Vance Short Duration Municipal Income ETF by 79.6% in the 3rd quarter. FSA Advisors Inc. now owns 8,632 shares of the company’s stock worth $435,000 after purchasing an additional 3,825 shares during the last quarter. Janney Montgomery Scott LLC grew 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 worth $2,091,000 after purchasing an additional 4,670 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV bought a new position in Eaton Vance Short Duration Municipal Income ETF in the 1st quarter worth about $250,000.
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.