Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Short Interest Down 38.6% in May

Eaton Vance Floating Rate ETF (NYSEARCA:EVLNGet Free Report) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 260,437 shares, a drop of 38.6% from the May 14th total of 424,199 shares. Based on an average daily trading volume, of 35,181 shares, the days-to-cover ratio is currently 7.4 days. Currently, 1.0% of the shares of the company are sold short.

Institutional Trading of Eaton Vance Floating Rate ETF

Several hedge funds have recently made changes to their positions in the company. Eldridge Investment Advisors Inc. raised its stake in shares of Eaton Vance Floating Rate ETF by 0.6% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock valued at $9,399,000 after buying an additional 1,102 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of Eaton Vance Floating Rate ETF in the third quarter valued at $1,174,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of Eaton Vance Floating Rate ETF in the third quarter valued at $27,435,000.

Eaton Vance Floating Rate ETF Stock Performance

Shares of EVLN opened at $48.78 on Monday. The stock’s fifty day moving average price is $48.74 and its two-hundred day moving average price is $49.00. Eaton Vance Floating Rate ETF has a 1 year low of $48.08 and a 1 year high of $50.28.

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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