Eaton Vance High Yield ETF (NYSEARCA:EVHY) Sees Large Drop in Short Interest

Eaton Vance High Yield ETF (NYSEARCA:EVHY) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 10,389 shares, a decline of 15.6% from the January 29th total of 12,305 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 7,133 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily volume of 7,133 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.6% of the shares of the stock are sold short.

Eaton Vance High Yield ETF Trading Up 0.2%

Shares of EVHY stock traded up $0.12 during trading hours on Wednesday, hitting $52.78. The stock had a trading volume of 1,750 shares, compared to its average volume of 5,261. Eaton Vance High Yield ETF has a one year low of $50.26 and a one year high of $53.63. The stock’s 50-day moving average price is $53.06 and its two-hundred day moving average price is $53.22.

Eaton Vance High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.2463 per share. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, February 27th.

About Eaton Vance High Yield ETF

The Eaton Vance High Yield ETF (EVHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of US corporate high yield debt securities with varying maturities. The fund aims for high levels of income and capital growth EVHY was launched on Oct 16, 2023 and is issued by Eaton Vance.