Eaton Vance High Yield ETF (NYSEARCA:EVHY) Sees Large Decline in Short Interest

Eaton Vance High Yield ETF (NYSEARCA:EVHY) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 44 shares, a decrease of 98.1% from the February 26th total of 2,303 shares. Based on an average daily trading volume, of 1,344 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Eaton Vance High Yield ETF Stock Down 0.7%

NYSEARCA EVHY traded down $0.36 during trading hours on Thursday, reaching $51.72. The company’s stock had a trading volume of 4,545 shares, compared to its average volume of 4,178. The firm has a fifty day simple moving average of $52.78 and a 200-day simple moving average of $53.09. Eaton Vance High Yield ETF has a 52 week low of $48.57 and a 52 week high of $53.63.

Eaton Vance High Yield ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Friday, February 27th were issued a dividend of $0.2463 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Friday, February 27th.

Eaton Vance High Yield ETF Company Profile

The Eaton Vance High Yield ETF (EVHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of US corporate high yield debt securities with varying maturities. The fund aims for high levels of income and capital growth EVHY was launched on Oct 16, 2023 and is issued by Eaton Vance.