Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Significant Growth in Short Interest

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 277,429 shares, an increase of 34.8% from the January 15th total of 205,811 shares. Based on an average daily trading volume, of 97,889 shares, the short-interest ratio is presently 2.8 days. Approximately 1.0% of the shares of the company are short sold. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 97,889 shares, the short-interest ratio is presently 2.8 days.

Eaton Vance Floating Rate ETF Stock Up 0.1%

EVLN stock traded up $0.04 during trading on Tuesday, hitting $48.93. 20,241 shares of the company’s stock traded hands, compared to its average volume of 92,612. Eaton Vance Floating Rate ETF has a 52 week low of $48.21 and a 52 week high of $50.44. The stock has a fifty day moving average price of $49.45 and a two-hundred day moving average price of $49.65.

Eaton Vance Floating Rate ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Friday, January 30th were issued a $0.2892 dividend. This is an increase from Eaton Vance Floating Rate ETF’s previous monthly dividend of $0.29. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Friday, January 30th.

Institutional Investors Weigh In On Eaton Vance Floating Rate ETF

A number of hedge funds have recently added to or reduced their stakes in EVLN. Eldridge Investment Advisors Inc. boosted its holdings in shares of Eaton Vance Floating Rate ETF by 0.6% during the fourth quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock valued at $9,399,000 after acquiring an additional 1,102 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of Eaton Vance Floating Rate ETF in the 3rd quarter worth about $1,174,000. Finally, Ameriprise Financial Inc. bought a new stake in Eaton Vance Floating Rate ETF in the 3rd quarter valued at about $27,435,000.

Eaton Vance Floating Rate ETF Company Profile

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.