Short Interest in Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Grows By 180.1%

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 54,161 shares, an increase of 180.1% from the June 30th total of 19,334 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 127,737 shares, the short-interest ratio is presently 0.4 days.

Eaton Vance Short Duration Income ETF Trading Up 0.1%

NASDAQ EVSD traded up $0.03 during trading hours on Monday, hitting $50.75. The company’s stock had a trading volume of 73,450 shares, compared to its average volume of 156,118. Eaton Vance Short Duration Income ETF has a twelve month low of $50.67 and a twelve month high of $51.72. The stock has a fifty day moving average of $50.91 and a 200 day moving average of $51.17.

Eaton Vance Short Duration Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.1902 per share. The ex-dividend date was Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 4.5%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EVSD. Ameriprise Financial Inc. acquired a new position in Eaton Vance Short Duration Income ETF in the third quarter valued at about $15,875,000. Prism Advisors Inc. acquired a new position in shares of Eaton Vance Short Duration Income ETF during the 1st quarter worth about $15,230,000. Janney Montgomery Scott LLC grew its position in shares of Eaton Vance Short Duration Income ETF by 893.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 195,285 shares of the company’s stock worth $10,046,000 after buying an additional 175,631 shares during the period. Eldridge Investment Advisors Inc. increased its stake in shares of Eaton Vance Short Duration Income ETF by 145.7% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock valued at $2,875,000 after acquiring an additional 33,145 shares during the last quarter. Finally, First American Bank bought a new stake in shares of Eaton Vance Short Duration Income ETF in the 1st quarter valued at about $571,000.

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.