Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Short Interest Down 68.1% in June

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 19,334 shares, a decline of 68.1% from the June 15th total of 60,628 shares. Based on an average trading volume of 118,571 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EVSD. Studio Investment Management LLC purchased a new stake in Eaton Vance Short Duration Income ETF during the 4th quarter worth about $208,000. Nemes Rush Group LLC increased its position in shares of Eaton Vance Short Duration Income ETF by 3.6% during the fourth quarter. Nemes Rush Group LLC now owns 196,156 shares of the company’s stock valued at $10,091,000 after buying an additional 6,833 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Eaton Vance Short Duration Income ETF by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock worth $10,336,000 after buying an additional 7,623 shares in the last quarter. First American Bank bought a new position in shares of Eaton Vance Short Duration Income ETF in the first quarter valued at approximately $571,000. Finally, Eldridge Investment Advisors Inc. boosted its position in shares of 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.

Eaton Vance Short Duration Income ETF Price Performance

NASDAQ EVSD traded down $0.02 during trading on Friday, hitting $50.83. 60,752 shares of the company’s stock traded hands, compared to its average volume of 158,522. Eaton Vance Short Duration Income ETF has a 12-month low of $50.78 and a 12-month high of $51.72. The business has a 50 day moving average of $50.94 and a 200-day moving average of $51.21.

Eaton Vance Short Duration Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 30th were given a $0.1902 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 4.5%.

About Eaton Vance Short Duration Income ETF

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.