Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Short Interest Up 34.8% in January

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 277,429 shares, a growth of 34.8% from the January 15th total of 205,811 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 97,889 shares, the days-to-cover ratio is presently 2.8 days. Based on an average trading volume of 97,889 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Eaton Vance Floating Rate ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. bought a new position in Eaton Vance Floating Rate ETF in the third quarter valued at about $27,435,000. Flow Traders U.S. LLC bought a new stake in Eaton Vance Floating Rate ETF during the 3rd quarter worth about $1,174,000. Finally, Eldridge Investment Advisors Inc. lifted its position in Eaton Vance Floating Rate ETF by 0.6% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock valued at $9,399,000 after purchasing an additional 1,102 shares during the period.

Eaton Vance Floating Rate ETF Price Performance

Shares of EVLN traded down $0.08 during mid-day trading on Friday, hitting $48.89. 92,699 shares of the company traded hands, compared to its average volume of 95,133. The business has a 50-day moving average of $49.46 and a 200 day moving average of $49.66. Eaton Vance Floating Rate ETF has a one year low of $48.21 and a one year high of $50.44.

Eaton Vance Floating Rate ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Friday, January 30th were given a $0.2892 dividend. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date was Friday, January 30th. This is a positive change from Eaton Vance Floating Rate ETF’s previous monthly dividend of $0.29.

Eaton Vance Floating Rate ETF Company Profile

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.