Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Short Interest Update

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the target of a significant decline in short interest in February. As of February 13th, there was short interest totaling 23,678 shares, a decline of 91.5% from the January 29th total of 277,429 shares. Based on an average daily trading volume, of 99,664 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 99,664 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Eaton Vance Floating Rate ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. purchased a new position in shares of Eaton Vance Floating Rate ETF during the 3rd quarter worth approximately $27,435,000. Flow Traders U.S. LLC purchased a new stake in shares of Eaton Vance Floating Rate ETF in the third quarter valued at $1,174,000. Finally, Eldridge Investment Advisors Inc. grew its stake in Eaton Vance Floating Rate ETF by 0.6% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock worth $9,399,000 after acquiring an additional 1,102 shares during the period.

Eaton Vance Floating Rate ETF Price Performance

EVLN stock traded down $0.05 during trading on Thursday, hitting $48.64. 30,653 shares of the company’s stock were exchanged, compared to its average volume of 87,928. Eaton Vance Floating Rate ETF has a 52-week low of $48.21 and a 52-week high of $50.40. The business has a 50-day moving average price of $49.33 and a two-hundred day moving average price of $49.60.

Eaton Vance Floating Rate ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Friday, January 30th were paid a $0.2892 dividend. This is an increase from Eaton Vance Floating Rate ETF’s previous monthly dividend of $0.29. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date was Friday, January 30th.

About Eaton Vance Floating Rate ETF

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.