Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Sees Large Increase in Short Interest

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 561,971 shares, a growth of 339.0% from the July 30th total of 128,023 shares. Based on an average trading volume of 466,574 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On Eaton Vance Limited Duration Income Fund

Institutional investors have recently made changes to their positions in the company. Sit Investment Associates Inc. lifted its stake in Eaton Vance Limited Duration Income Fund by 0.7% in the fourth quarter. Sit Investment Associates Inc. now owns 6,460,942 shares of the company’s stock worth $64,028,000 after acquiring an additional 44,239 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Eaton Vance Limited Duration Income Fund by 2.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,109,773 shares of the company’s stock valued at $41,718,000 after purchasing an additional 104,093 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Eaton Vance Limited Duration Income Fund by 1.6% in the 4th quarter. Guggenheim Capital LLC now owns 1,762,567 shares of the company’s stock valued at $17,467,000 after purchasing an additional 28,303 shares in the last quarter. Invesco Ltd. lifted its position in shares of Eaton Vance Limited Duration Income Fund by 6.5% in the 3rd quarter. Invesco Ltd. now owns 1,474,071 shares of the company’s stock worth $14,962,000 after purchasing an additional 90,501 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Eaton Vance Limited Duration Income Fund by 1.3% during the first quarter. Chicago Partners Investment Group LLC now owns 1,064,177 shares of the company’s stock valued at $10,152,000 after purchasing an additional 13,216 shares in the last quarter.

Eaton Vance Limited Duration Income Fund Stock Performance

Shares of Eaton Vance Limited Duration Income Fund stock traded down $0.04 on Wednesday, hitting $9.10. 235,275 shares of the company traded hands, compared to its average volume of 361,697. The stock’s 50 day moving average price is $9.22 and its 200-day moving average price is $9.40. Eaton Vance Limited Duration Income Fund has a 52 week low of $8.97 and a 52 week high of $10.41.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Thursday, August 13th were given a dividend of $0.0696 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 9.2%.

Eaton Vance Limited Duration Income Fund Company Profile

Eaton Vance Limited Duration Income Fund is a closed-end management investment company listed on the NYSE American exchange under the ticker EVV. The fund seeks to provide shareholders with a high level of current income and preservation of capital by investing primarily in a diversified portfolio of short- to intermediate-term debt securities. Its holdings typically include investment-grade corporate bonds, asset-backed securities and various government-related obligations.

To enhance yield, the fund may employ modest leverage through the issuance of preferred stock and borrowings.