No headlines found.
Morgan Stanley Investment Management Launches Eaton Vance Income Opportunities ETF
Business Wire (Mon, 10-Nov 9:15 AM ET)
The Eaton Vance Short Duration Municipal Income ETF (the "Fund") seeks to provide current income exempt from regular federal income tax. The Fund may invest up to 100% of its assets in municipal securities, the interest on which may be subject to the federal alternative minimum tax for individuals. In addition, the Fund may invest up to 20% of its assets in securities subject to regular federal income tax. The Fund may also invest in variable and floating rate demand instruments and tender option bonds. The Fund may invest 25% or more of its total assets in certain types of municipal obligations (such as general obligations, municipal leases, principal only municipal investments, revenue bonds and industrial development bonds) and in one or more states, territories and economic sectors (such as housing, hospitals, healthcare facilities or utilities).
Eaton Vance Short Duration Municipal Income ETF trades on the ARCA stock market under the symbol EVSM.
As of January 16, 2026, EVSM stock price climbed to $50.61 with 154,197 million shares trading.
EVSM has a beta of -0.04, meaning it tends to be less sensitive to market movements. EVSM has a correlation of 0.13 to the broad based SPY ETF.
EVSM has a market cap of $597.36 million. This is considered a Small Cap stock.
EVSM has underperformed the market in the last year with a price return of +4.7% while the SPY ETF gained +18.1%. EVSM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.0% and +0.4%, respectively, while the SPY returned +5.0% and +1.2%, respectively.
EVSM support price is $50.56 and resistance is $50.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EVSM shares will trade within this expected range on the day.