Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Short Interest Down 16.6% in January

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 205,811 shares, a decrease of 16.6% from the December 31st total of 246,687 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 87,977 shares, the days-to-cover ratio is presently 2.3 days. Based on an average trading volume of 87,977 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.8% of the company’s stock are short sold.

Institutional Investors Weigh In On Eaton Vance Floating Rate ETF

An institutional investor recently bought a new position in Eaton Vance Floating Rate ETF stock. Ameriprise Financial Inc. acquired a new stake in Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 552,321 shares of the company’s stock, valued at approximately $27,435,000. Ameriprise Financial Inc. owned approximately 1.85% of Eaton Vance Floating Rate ETF at the end of the most recent reporting period.

Eaton Vance Floating Rate ETF Price Performance

Shares of NYSEARCA EVLN traded up $0.08 during midday trading on Tuesday, hitting $49.25. 80,016 shares of the company’s stock were exchanged, compared to its average volume of 90,801. The firm’s fifty day simple moving average is $49.56 and its 200-day simple moving average is $49.73. Eaton Vance Floating Rate ETF has a twelve month low of $48.21 and a twelve month high of $50.58.

Eaton Vance Floating Rate ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Friday, January 30th will be given a dividend of $0.2892 per share. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 7.0%. This is a boost from Eaton Vance Floating Rate ETF’s previous monthly dividend of $0.29.

About Eaton Vance Floating Rate ETF

The Eaton Vance Floating-Rate ETF (EVLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking high current income by holding sub-investment grade floating-rate loans and corporate debts issued globally. EVLN was launched on Feb 6, 2024 and is issued by Eaton Vance.