Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sees Significant Drop in Short Interest

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 32,073 shares, a decrease of 58.0% from the September 15th total of 76,424 shares. Based on an average daily volume of 241,599 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Eaton Vance Short Duration Income ETF Trading Down 0.0%

Shares of EVSD traded down $0.01 on Tuesday, reaching $49.91. The stock had a trading volume of 68,966 shares, compared to its average volume of 174,509. The company has a 50-day simple moving average of $50.46 and a 200-day simple moving average of $50.79. Eaton Vance Short Duration Income ETF has a 12-month low of $49.73 and a 12-month high of $51.72.

Eaton Vance Short Duration Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Wednesday, September 30th were paid a $0.2073 dividend. This is an increase from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.1893. This represents a $2.49 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Wednesday, September 30th.

Institutional Trading of Eaton Vance Short Duration Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new stake in shares of Eaton Vance Short Duration Income ETF in the third quarter worth approximately $110,000. Janney Montgomery Scott LLC raised its holdings in shares of Eaton Vance Short Duration Income ETF by 3.9% during the first quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock valued at $10,336,000 after purchasing an additional 7,623 shares during the last quarter. Studio Investment Management LLC bought a new position in Eaton Vance Short Duration Income ETF during the second quarter valued at approximately $391,000. First American Bank bought a new position in Eaton Vance Short Duration Income ETF during the first quarter valued at approximately $571,000. Finally, Bank of America Corp DE purchased a new stake in Eaton Vance Short Duration Income ETF in the second quarter worth approximately $297,000.

Eaton Vance Short Duration Income ETF Company Profile

The Eaton Vance Short Duration Income ETF (EVSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified USD-denominated fixed income securities with few restrictions on type and credit quality. The ETF aims to have an average duration of three years or less, while seeking above average returns over a market cycle of three to five years EVSD was launched on Mar 31, 1992 and is issued by Eaton Vance.