Short Interest in Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Grows By 180.1%

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 54,161 shares, an increase of 180.1% from the June 30th total of 19,334 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 127,737 shares, the days-to-cover ratio is currently 0.4 days.

Eaton Vance Short Duration Income ETF Stock Up 0.1%

NASDAQ:EVSD traded up $0.03 during trading hours on Monday, hitting $50.75. The stock had a trading volume of 73,450 shares, compared to its average volume of 156,118. The business’s 50 day moving average is $50.91 and its 200-day moving average is $51.17. Eaton Vance Short Duration Income ETF has a one year low of $50.67 and a one year high of $51.72.

Eaton Vance Short Duration Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 30th were issued a $0.1902 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 4.5%.

Institutional Trading of Eaton Vance Short Duration Income ETF

Hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. bought a new position in Eaton Vance Short Duration Income ETF during the third quarter worth about $15,875,000. Prism Advisors Inc. bought a new stake in shares of Eaton Vance Short Duration Income ETF in the first quarter worth about $15,230,000. Janney Montgomery Scott LLC raised its position in shares of Eaton Vance Short Duration Income ETF by 3.9% during the first quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock worth $10,336,000 after purchasing an additional 7,623 shares during the period. Nemes Rush Group LLC raised its position in shares of Eaton Vance Short Duration Income ETF by 3.6% during the fourth quarter. Nemes Rush Group LLC now owns 196,156 shares of the company’s stock worth $10,091,000 after purchasing an additional 6,833 shares during the period. Finally, Eldridge Investment Advisors Inc. raised its position in shares of Eaton Vance Short Duration Income ETF by 145.7% during the fourth quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock worth $2,875,000 after purchasing an additional 33,145 shares during the period.

Eaton Vance Short Duration Income ETF Company Profile

The Eaton Vance Short Duration Income ETF (EVSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified USD-denominated fixed income securities with few restrictions on type and credit quality. The ETF aims to have an average duration of three years or less, while seeking above average returns over a market cycle of three to five years EVSD was launched on Mar 31, 1992 and is issued by Eaton Vance.