Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Stock Short Interest Rises 1,556.9%

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 155,900 shares, a growth of 1,556.9% from the October 15th total of 9,409 shares. Based on an average trading volume of 238,143 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.5% of the company’s stock are sold short.

Eaton Vance Short Duration Income ETF Trading Down 0.1%

Shares of EVSD traded down $0.07 during trading hours on Thursday, hitting $49.97. The company had a trading volume of 70,174 shares, compared to its average volume of 184,401. Eaton Vance Short Duration Income ETF has a one year low of $49.73 and a one year high of $51.70. The company’s fifty day moving average price is $50.15 and its two-hundred day moving average price is $50.84.

Eaton Vance Short Duration Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Friday, October 30th were given a dividend of $0.2299 per share. The ex-dividend date of this dividend was Friday, October 30th. This is an increase from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.2073. This represents a $2.76 dividend on an annualized basis and a yield of 5.5%.

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVSD. Prism Advisors Inc. bought a new position in Eaton Vance Short Duration Income ETF in the third quarter worth about $16,667,000. Nemes Rush Group LLC purchased a new position in Eaton Vance Short Duration Income ETF in the third quarter worth $11,493,000. Equitable Holdings Inc. purchased a new position in Eaton Vance Short Duration Income ETF during the 2nd quarter worth $691,000. Studio Investment Management LLC acquired a new position in Eaton Vance Short Duration Income ETF during the 3rd quarter valued at approximately $517,000. Finally, Bank of America Corp DE acquired a new position in shares of Eaton Vance Short Duration Income ETF in the second quarter valued at about $297,000.

About Eaton Vance Short Duration Income ETF

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.