Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) Short Interest Up 112.7% in January

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 35,705 shares, an increase of 112.7% from the December 31st total of 16,787 shares. Based on an average daily volume of 107,945 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 107,945 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Eaton Vance Short Duration Municipal Income ETF

Several hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in shares of Eaton Vance Short Duration Municipal Income ETF by 8.3% during the 4th quarter. Farther Finance Advisors LLC now owns 112,109 shares of the company’s stock worth $5,647,000 after buying an additional 8,603 shares during the last quarter. Sunflower Bank N.A. acquired a new stake in Eaton Vance Short Duration Municipal Income ETF during the fourth quarter worth $9,611,000. Ameriprise Financial Inc. purchased a new stake in Eaton Vance Short Duration Municipal Income ETF in the third quarter valued at $21,634,000. Nemes Rush Group LLC acquired a new position in shares of Eaton Vance Short Duration Municipal Income ETF in the 3rd quarter valued at $1,007,000. Finally, Diversified Portfolios Inc. increased its position 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 last quarter.

Eaton Vance Short Duration Municipal Income ETF Price Performance

NYSEARCA EVSM opened at $50.57 on Friday. The stock’s fifty day moving average is $50.45 and its two-hundred day moving average is $50.41. Eaton Vance Short Duration Municipal Income ETF has a fifty-two week low of $48.63 and a fifty-two week high of $50.73.

Eaton Vance Short Duration Municipal Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Friday, January 30th will be issued a $0.1126 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%.

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.