Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sees Large Decrease in Short Interest

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 32,073 shares, a decrease of 58.0% from the September 15th total of 76,424 shares. Based on an average trading volume of 241,599 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Eaton Vance Short Duration Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in shares of Eaton Vance Short Duration Income ETF during the 3rd quarter valued at about $110,000. Studio Investment Management LLC bought a new stake in Eaton Vance Short Duration Income ETF during the second quarter worth approximately $391,000. First American Bank bought a new stake in Eaton Vance Short Duration Income ETF during the first quarter worth approximately $571,000. Bank of America Corp DE bought a new position in shares of Eaton Vance Short Duration Income ETF in the second quarter valued at $297,000. Finally, Equitable Holdings Inc. bought a new position in shares of Eaton Vance Short Duration Income ETF in the second quarter valued at $691,000.

Eaton Vance Short Duration Income ETF Price Performance

NASDAQ EVSD traded up $0.13 during trading hours on Thursday, hitting $50.03. The company had a trading volume of 750,513 shares, compared to its average volume of 178,404. Eaton Vance Short Duration Income ETF has a fifty-two week low of $49.73 and a fifty-two week high of $51.72. The business has a fifty day simple moving average of $50.43 and a 200-day simple moving average of $50.77.

Eaton Vance Short Duration Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.2073 per share. This is a positive change from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.1893. The ex-dividend date was Wednesday, September 30th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 5.0%.

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.