Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Stock Short Interest Falls 57.7%

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 21,154 shares, a drop of 57.7% from the September 30th total of 49,991 shares. Based on an average trading volume of 95,955 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in Eaton Vance Floating Rate ETF during the 2nd quarter valued at $113,000. Oxbow Advisors LLC purchased a new position in shares of Eaton Vance Floating Rate ETF in the second quarter valued at about $122,000. Fund Advisors of America Inc FL purchased a new position in shares of Eaton Vance Floating Rate ETF in the second quarter valued at about $162,000. HBK Sorce Advisory LLC purchased a new position in shares of Eaton Vance Floating Rate ETF in the second quarter valued at about $206,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Eaton Vance Floating Rate ETF during the second quarter valued at about $453,000.

Eaton Vance Floating Rate ETF Price Performance

Eaton Vance Floating Rate ETF stock traded down $0.41 during trading hours on Friday, reaching $48.15. The company had a trading volume of 71,486 shares, compared to its average volume of 87,601. Eaton Vance Floating Rate ETF has a 12-month low of $47.99 and a 12-month high of $49.76. The company has a 50-day moving average price of $48.59 and a 200 day moving average price of $48.73.

Eaton Vance Floating Rate ETF Company Profile

(Get Free Report)

The Eaton Vance Floating-Rate ETF (EVLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking high current income by holding sub-investment grade floating-rate loans and corporate debts issued globally. EVLN was launched on Feb 6, 2024 and is issued by Eaton Vance.

Further Reading

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