Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Short Interest Update

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 205,811 shares, a decline of 16.6% from the December 31st total of 246,687 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 87,977 shares, the short-interest ratio is currently 2.3 days. Based on an average daily trading volume, of 87,977 shares, the short-interest ratio is currently 2.3 days. Approximately 0.8% of the shares of the company are short sold.

Institutional Trading of Eaton Vance Floating Rate ETF

An institutional investor recently bought a new position in Eaton Vance Floating Rate ETF stock. Flow Traders U.S. LLC bought a new stake in Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 23,645 shares of the company’s stock, valued at approximately $1,174,000. Flow Traders U.S. LLC owned 0.08% of Eaton Vance Floating Rate ETF as of its most recent filing with the SEC.

Eaton Vance Floating Rate ETF Stock Up 0.2%

EVLN traded up $0.12 during trading on Monday, reaching $49.17. 31,605 shares of the company’s stock were exchanged, compared to its average volume of 88,976. Eaton Vance Floating Rate ETF has a fifty-two week low of $48.21 and a fifty-two week high of $50.58. The business has a 50 day moving average price of $49.57 and a 200 day moving average price of $49.73.

Eaton Vance Floating Rate ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Friday, January 30th will be paid a $0.2892 dividend. This is a boost from Eaton Vance Floating Rate ETF’s previous monthly dividend of $0.29. 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 7.1%.

Eaton Vance Floating Rate ETF Company Profile

The Eaton Vance Floating-Rate ETF (EVLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking high current income by holding sub-investment grade floating-rate loans and corporate debts issued globally. EVLN was launched on Feb 6, 2024 and is issued by Eaton Vance.