Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Short Interest Down 82.3% in May

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 12,651 shares, a drop of 82.3% from the April 30th total of 71,577 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 133,007 shares, the short-interest ratio is presently 0.1 days.

Eaton Vance Short Duration Income ETF Stock Performance

EVSD stock traded down $0.14 during midday trading on Friday, reaching $50.96. The company had a trading volume of 93,731 shares, compared to its average volume of 164,891. The stock has a 50 day moving average price of $51.06 and a 200 day moving average price of $51.33. Eaton Vance Short Duration Income ETF has a fifty-two week low of $50.73 and a fifty-two week high of $51.72.

Eaton Vance Short Duration Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Friday, May 29th will be paid a $0.1944 dividend. The ex-dividend date is Friday, May 29th. This is an increase from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.19. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EVSD. Nemes Rush Group LLC acquired a new position in Eaton Vance Short Duration Income ETF in the third quarter valued at approximately $9,732,000. Ameriprise Financial Inc. acquired a new position in Eaton Vance Short Duration Income ETF in the third quarter valued at approximately $15,875,000. Studio Investment Management LLC acquired a new position in Eaton Vance Short Duration Income ETF in the fourth quarter valued at approximately $208,000. Eldridge Investment Advisors Inc. boosted its stake in Eaton Vance Short Duration Income ETF by 145.7% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock valued at $2,875,000 after acquiring an additional 33,145 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Eaton Vance Short Duration Income ETF by 893.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 195,285 shares of the company’s stock valued at $10,046,000 after acquiring an additional 175,631 shares during the period.

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.