Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Sees Large Growth in Short Interest

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 561,971 shares, a growth of 339.0% from the July 30th total of 128,023 shares. Based on an average daily trading volume, of 466,574 shares, the days-to-cover ratio is presently 1.2 days.

Eaton Vance Limited Duration Income Fund Trading Up 0.1%

Shares of Eaton Vance Limited Duration Income Fund stock traded up $0.01 on Thursday, reaching $9.10. The stock had a trading volume of 332,737 shares, compared to its average volume of 362,819. The business’s 50 day moving average is $9.22 and its two-hundred day moving average is $9.38. Eaton Vance Limited Duration Income Fund has a 1 year low of $8.97 and a 1 year high of $10.41.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Thursday, August 13th were issued a $0.0696 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 9.2%.

Institutional Investors Weigh In On Eaton Vance Limited Duration Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Arax Advisory Partners purchased a new position in Eaton Vance Limited Duration Income Fund during the fourth quarter worth about $38,000. Global Retirement Partners LLC purchased a new stake in shares of Eaton Vance Limited Duration Income Fund in the 2nd quarter valued at about $54,000. Ellis Investment Partners LLC bought a new stake in shares of Eaton Vance Limited Duration Income Fund during the 4th quarter valued at about $101,000. Western Wealth Management LLC bought a new stake in shares of Eaton Vance Limited Duration Income Fund during the 4th quarter valued at about $111,000. Finally, Corient Private Wealth LP purchased a new position in shares of Eaton Vance Limited Duration Income Fund during the second quarter worth about $130,000.

Eaton Vance Limited Duration Income Fund Company Profile

Eaton Vance Limited Duration Income Fund is a closed-end management investment company listed on the NYSE American exchange under the ticker EVV. The fund seeks to provide shareholders with a high level of current income and preservation of capital by investing primarily in a diversified portfolio of short- to intermediate-term debt securities. Its holdings typically include investment-grade corporate bonds, asset-backed securities and various government-related obligations.

To enhance yield, the fund may employ modest leverage through the issuance of preferred stock and borrowings.