Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sees Large Volume Increase – Here’s Why

Shares of Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) saw an uptick in trading volume on Thursday . 301,446 shares were traded during mid-day trading, an increase of 146% from the previous session’s volume of 122,377 shares.The stock last traded at $51.49 and had previously closed at $51.51.

Eaton Vance Short Duration Income ETF Stock Performance

The business’s 50 day moving average is $51.47 and its two-hundred day moving average is $51.41.

Eaton Vance Short Duration Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 23rd were given a dividend of $0.2329 per share. This is a positive change from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.20. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Tuesday, December 23rd.

Institutional Trading of Eaton Vance Short Duration Income ETF

Several hedge funds have recently bought and sold shares of EVSD. Flow Traders U.S. LLC purchased a new position in shares of Eaton Vance Short Duration Income ETF during the second quarter valued at about $1,189,000. Nemes Rush Group LLC bought a new position in Eaton Vance Short Duration Income ETF during the third quarter valued at approximately $9,732,000. Finally, Ameriprise Financial Inc. purchased a new position in Eaton Vance Short Duration Income ETF during the 3rd quarter valued at approximately $15,875,000.

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.