Short Interest in Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Declines By 68.1%

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) saw a large decline in short interest during 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. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 118,571 shares, the days-to-cover ratio is currently 0.2 days.

Eaton Vance Short Duration Income ETF Price Performance

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

Eaton Vance Short Duration Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 30th were paid a $0.1902 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Tuesday, June 30th.

Institutional Investors Weigh In On Eaton Vance Short Duration Income ETF

Several large investors have recently modified their holdings of the stock. Prism Advisors Inc. bought a new stake in shares of Eaton Vance Short Duration Income ETF in the 1st quarter worth approximately $15,230,000. Janney Montgomery Scott LLC increased its position in 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 during the last quarter. First American Bank purchased a new stake in Eaton Vance Short Duration Income ETF in the first quarter worth $571,000. Eldridge Investment Advisors Inc. raised its stake 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 buying an additional 33,145 shares during the period. Finally, Nemes Rush Group LLC raised its stake in shares of Eaton Vance Short Duration Income ETF by 3.6% in 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.

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.