Eaton Vance High Yield ETF (NYSEARCA:EVHY) Short Interest Up 141.1% in July

Eaton Vance High Yield ETF (NYSEARCA:EVHY) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 7,103 shares, an increase of 141.1% from the July 15th total of 2,946 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 3,199 shares, the short-interest ratio is currently 2.2 days.

Eaton Vance High Yield ETF Trading Down 0.0%

Shares of EVHY stock opened at $52.26 on Friday. Eaton Vance High Yield ETF has a 12 month low of $48.57 and a 12 month high of $53.63. The stock has a 50 day moving average of $52.27 and a 200-day moving average of $52.43.

Hedge Funds Weigh In On Eaton Vance High Yield ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new position in Eaton Vance High Yield ETF during the 2nd quarter valued at $58,000. Wealth Effects LLC acquired a new position in shares of Eaton Vance High Yield ETF during the second quarter valued at about $147,000. Allworth Financial LP acquired a new position in shares of Eaton Vance High Yield ETF during the second quarter valued at about $166,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Eaton Vance High Yield ETF in the second quarter valued at about $207,000. Finally, Financial Alternatives Inc bought a new stake in shares of Eaton Vance High Yield ETF in the second quarter valued at about $1,490,000.

About Eaton Vance High Yield ETF

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.