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

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 9,409 shares, a decline of 70.7% from the September 30th total of 32,073 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 340,895 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Eaton Vance Short Duration Income ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Prism Advisors Inc. bought a new position in Eaton Vance Short Duration Income ETF in the 3rd quarter worth $16,667,000. Janney Montgomery Scott LLC raised its holdings in 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 valued at $10,336,000 after acquiring an additional 7,623 shares during the period. Equitable Holdings Inc. bought a new stake in Eaton Vance Short Duration Income ETF during the second quarter valued at about $691,000. Studio Investment Management LLC purchased a new position in shares of Eaton Vance Short Duration Income ETF in the third quarter valued at about $517,000. Finally, Bank of America Corp DE purchased a new position in shares of Eaton Vance Short Duration Income ETF in the second quarter valued at about $297,000.

Eaton Vance Short Duration Income ETF Stock Performance

NASDAQ EVSD opened at $50.19 on Wednesday. Eaton Vance Short Duration Income ETF has a 12 month low of $49.73 and a 12 month high of $51.72. The company’s 50 day moving average is $50.30 and its two-hundred day moving average is $50.92.

Eaton Vance Short Duration Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Wednesday, September 30th were paid a $0.2073 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 5.0%. This is a boost from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.1893. The ex-dividend date of this dividend was Wednesday, September 30th.

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.