Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Short Interest Down 38.6% in May

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 260,437 shares, a drop of 38.6% from the May 14th total of 424,199 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 35,181 shares, the days-to-cover ratio is presently 7.4 days.

Eaton Vance Floating Rate ETF Stock Performance

Shares of Eaton Vance Floating Rate ETF stock opened at $48.78 on Monday. The business’s fifty day simple moving average is $48.74 and its 200 day simple moving average is $49.00. Eaton Vance Floating Rate ETF has a 12 month low of $48.08 and a 12 month high of $50.28.

Institutional Trading of Eaton Vance Floating Rate ETF

A number of large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. purchased a new stake in Eaton Vance Floating Rate ETF during the third quarter worth about $27,435,000. Eldridge Investment Advisors Inc. increased its holdings in 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 worth $9,399,000 after buying an additional 1,102 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in Eaton Vance Floating Rate ETF during the third quarter worth about $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.