Short Interest in Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Drops By 77.0%

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 18,591 shares, a decrease of 77.0% from the June 15th total of 80,921 shares. Based on an average trading volume of 377,403 shares, the short-interest ratio is currently 0.0 days.

Eaton Vance Limited Duration Income Fund Trading Down 0.6%

EVV traded down $0.06 during trading on Friday, hitting $9.33. The company’s stock had a trading volume of 369,041 shares, compared to its average volume of 335,726. The firm’s 50 day moving average price is $9.31 and its two-hundred day moving average price is $9.56. Eaton Vance Limited Duration Income Fund has a 12 month low of $8.97 and a 12 month high of $10.41.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 24th. Stockholders of record on Tuesday, July 14th will be paid a $0.0706 dividend. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Tuesday, July 14th.

Hedge Funds Weigh In On Eaton Vance Limited Duration Income Fund

Several large investors have recently made changes to their positions in EVV. Strategic Advocates LLC bought a new position in Eaton Vance Limited Duration Income Fund in the third quarter valued at $32,000. Arax Advisory Partners acquired a new position in shares of Eaton Vance Limited Duration Income Fund during the 4th quarter worth about $38,000. Ellis Investment Partners LLC bought a new position in shares of Eaton Vance Limited Duration Income Fund in the 4th quarter valued at about $101,000. Western Wealth Management LLC bought a new position in shares of Eaton Vance Limited Duration Income Fund in the 4th quarter valued at about $111,000. Finally, Williams Jones Wealth Management LLC. acquired a new stake in shares of Eaton Vance Limited Duration Income Fund in the fourth quarter valued at about $134,000.

About Eaton Vance Limited Duration Income Fund

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.