Short Interest in Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Drops By 77.0%

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 18,591 shares, a decline of 77.0% from the June 15th total of 80,921 shares. Based on an average daily volume of 377,403 shares, the days-to-cover ratio is presently 0.0 days.

Eaton Vance Limited Duration Income Fund Stock Performance

Shares of EVV stock remained flat at $9.33 on Monday. 455,933 shares of the company were exchanged, compared to its average volume of 336,643. The stock’s 50-day simple moving average is $9.31 and its two-hundred day simple moving average is $9.56. Eaton Vance Limited Duration Income Fund has a 1 year low of $8.97 and a 1 year high of $10.41.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 24th. Shareholders of record on Tuesday, July 14th will be given a dividend of $0.0706 per share. The ex-dividend date is Tuesday, July 14th. This represents a c) annualized dividend and a yield of 9.1%.

Hedge Funds Weigh In On Eaton Vance Limited Duration Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Strategic Advocates LLC bought a new stake in Eaton Vance Limited Duration Income Fund in the third quarter worth about $32,000. Arax Advisory Partners purchased a new position in shares of Eaton Vance Limited Duration Income Fund during the fourth quarter valued at approximately $38,000. Ellis Investment Partners LLC bought a new position in shares of Eaton Vance Limited Duration Income Fund during the fourth quarter valued at approximately $101,000. Western Wealth Management LLC bought a new position in shares of Eaton Vance Limited Duration Income Fund during the fourth quarter valued at approximately $111,000. Finally, Williams Jones Wealth Management LLC. purchased a new stake in shares of Eaton Vance Limited Duration Income Fund in the fourth quarter worth approximately $134,000.

Eaton Vance Limited Duration Income Fund Company Profile

Eaton Vance Limited Duration Income Fund is a closed-end management investment company listed on the NYSE American exchange under the ticker EVV. The fund seeks to provide shareholders with a high level of current income and preservation of capital by investing primarily in a diversified portfolio of short- to intermediate-term debt securities. Its holdings typically include investment-grade corporate bonds, asset-backed securities and various government-related obligations.

To enhance yield, the fund may employ modest leverage through the issuance of preferred stock and borrowings.