Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sees Unusually-High Trading Volume – Should You Buy?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) saw unusually-strong trading volume on Tuesday . Approximately 1,144,258 shares changed hands during trading, an increase of 610% from the previous session’s volume of 161,150 shares.The stock last traded at $50.86 and had previously closed at $50.87.

Eaton Vance Short Duration Income ETF Stock Up 0.1%

The company’s fifty day moving average is $50.86 and its 200-day moving average is $51.08.

Eaton Vance Short Duration Income ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, August 6th. Shareholders of record on Friday, July 31st were given a $0.1976 dividend. The ex-dividend date was Friday, July 31st.

Institutional Trading of Eaton Vance Short Duration Income ETF

Several institutional investors and hedge funds have recently modified their holdings of EVSD. Ameriprise Financial Inc. bought a new stake in Eaton Vance Short Duration Income ETF during the third quarter valued at about $15,875,000. Prism Advisors Inc. bought a new position in shares of Eaton Vance Short Duration Income ETF in the first quarter worth about $15,230,000. Janney Montgomery Scott LLC grew its position in shares of Eaton Vance Short Duration Income ETF by 893.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 195,285 shares of the company’s stock worth $10,046,000 after purchasing an additional 175,631 shares in the last quarter. Equitable Holdings Inc. bought a new stake in Eaton Vance Short Duration Income ETF during the 2nd quarter valued at approximately $691,000. Finally, Eldridge Investment Advisors Inc. raised its stake in Eaton Vance Short Duration Income ETF by 145.7% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock valued at $2,875,000 after purchasing an additional 33,145 shares during the period.

About Eaton Vance Short Duration Income ETF

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.