Short Interest in Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Expands By 199.2%

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 55,684 shares, a growth of 199.2% from the December 31st total of 18,612 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 243,778 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 243,778 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Trading of Eaton Vance Short Duration Income ETF

Several hedge funds have recently bought and sold shares of the stock. Flow Traders U.S. LLC purchased a new position in shares of Eaton Vance Short Duration Income ETF during the 2nd quarter worth about $1,189,000. Nemes Rush Group LLC purchased a new stake in shares of Eaton Vance Short Duration Income ETF during the third quarter valued at about $9,732,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Eaton Vance Short Duration Income ETF in the 3rd quarter worth $15,875,000.

Eaton Vance Short Duration Income ETF Price Performance

NASDAQ EVSD traded down $0.16 on Friday, hitting $51.46. 149,992 shares of the stock traded hands, compared to its average volume of 214,359. The business’s fifty day moving average is $51.50 and its two-hundred day moving average is $51.45. Eaton Vance Short Duration Income ETF has a 12 month low of $50.35 and a 12 month high of $51.72.

Eaton Vance Short Duration Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Friday, January 30th will be issued a $0.1954 dividend. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a yield of 4.6%.

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.