Short Interest in Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Rises By 141.1%

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 12,940 shares, a growth of 141.1% from the February 26th total of 5,367 shares. Based on an average trading volume of 55,073 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. purchased a new stake in Eaton Vance Floating Rate ETF in the 3rd quarter worth $27,435,000. Flow Traders U.S. LLC purchased a new stake in shares of Eaton Vance Floating Rate ETF during the third quarter worth about $1,174,000. Finally, Eldridge Investment Advisors Inc. raised its position in shares of Eaton Vance Floating Rate ETF by 0.6% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock worth $9,399,000 after purchasing an additional 1,102 shares during the last quarter.

Eaton Vance Floating Rate ETF Stock Performance

Eaton Vance Floating Rate ETF stock opened at $48.36 on Friday. Eaton Vance Floating Rate ETF has a 12 month low of $48.08 and a 12 month high of $50.28. The stock’s 50 day simple moving average is $48.83 and its two-hundred day simple moving average is $49.37.

Eaton Vance Floating Rate ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Friday, February 27th were issued a dividend of $0.2424 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

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.