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

Eaton Vance Short Duration Municipal Income ETF (NYSEARCA:EVSM) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 16,800 shares, an increase of 205.5% from the August 31st total of 5,500 shares. Based on an average trading volume of 85,100 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 85,100 shares, the days-to-cover ratio is currently 0.2 days.

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

Large investors have recently modified their holdings of the business. Creative Financial Designs Inc. ADV bought a new position in shares of Eaton Vance Short Duration Municipal Income ETF in the 1st quarter valued at about $111,000. FSA Advisors Inc. bought a new position in Eaton Vance Short Duration Municipal Income ETF in the second quarter valued at approximately $240,000. Diversified Portfolios Inc. acquired a new position in shares of Eaton Vance Short Duration Municipal Income ETF during the 2nd quarter worth approximately $258,000. Flow Traders U.S. LLC bought a new stake in shares of Eaton Vance Short Duration Municipal Income ETF during the 1st quarter worth approximately $463,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Eaton Vance Short Duration Municipal Income ETF by 149.5% in the 1st quarter. Farther Finance Advisors LLC now owns 14,975 shares of the company’s stock valued at $748,000 after buying an additional 8,974 shares during the last quarter.

Eaton Vance Short Duration Municipal Income ETF Price Performance

Shares of EVSM stock opened at $50.45 on Friday. The company’s fifty day simple moving average is $50.42 and its 200-day simple moving average is $50.04. Eaton Vance Short Duration Municipal Income ETF has a 12 month low of $48.63 and a 12 month high of $50.73.

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.