Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Sees Large Increase in Short Interest

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 91,863 shares, an increase of 394.1% from the June 30th total of 18,591 shares. Based on an average daily volume of 337,698 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Eaton Vance Limited Duration Income Fund

Several hedge funds have recently made changes to their positions in the business. Arax Advisory Partners bought a new position in shares of Eaton Vance Limited Duration Income Fund in the 4th quarter valued at about $38,000. Ellis Investment Partners LLC bought a new stake in Eaton Vance Limited Duration Income Fund during the fourth quarter worth approximately $101,000. Western Wealth Management LLC purchased a new stake in Eaton Vance Limited Duration Income Fund during the fourth quarter valued at approximately $111,000. Williams Jones Wealth Management LLC. purchased a new stake in Eaton Vance Limited Duration Income Fund during the fourth quarter valued at approximately $134,000. Finally, Kestra Private Wealth Services LLC lifted its stake in shares of Eaton Vance Limited Duration Income Fund by 11.2% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 14,434 shares of the company’s stock valued at $147,000 after purchasing an additional 1,448 shares during the last quarter.

Eaton Vance Limited Duration Income Fund Trading Down 0.3%

EVV traded down $0.03 during trading hours on Friday, hitting $9.08. The company’s stock had a trading volume of 312,396 shares, compared to its average volume of 350,721. The business’s 50-day moving average price is $9.28 and its 200-day moving average price is $9.52. Eaton Vance Limited Duration Income Fund has a 12 month low of $8.97 and a 12 month high of $10.41.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 24th. Shareholders of record on Tuesday, July 14th were paid a $0.0706 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Tuesday, July 14th.

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.