Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Large Volume Increase – Here’s What Happened

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw an uptick in trading volume on Monday . 161,734 shares were traded during mid-day trading, an increase of 109% from the previous session’s volume of 77,405 shares.The stock last traded at $48.95 and had previously closed at $48.90.

Eaton Vance Floating Rate ETF Stock Up 0.2%

The business has a 50 day moving average price of $48.51 and a two-hundred day moving average price of $49.14.

Institutional Trading of Eaton Vance Floating Rate ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. bought a new position in shares of Eaton Vance Floating Rate ETF in the third quarter worth approximately $27,435,000. Eldridge Investment Advisors Inc. increased 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 worth $9,399,000 after buying an additional 1,102 shares during the period. Finally, Flow Traders U.S. LLC bought a new stake in Eaton Vance Floating Rate ETF during the 3rd quarter valued at $1,174,000.

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.