Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Unusually-High Trading Volume – Here’s Why

Shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw unusually-strong trading volume on Friday . Approximately 237,518 shares changed hands during trading, an increase of 235% from the previous session’s volume of 70,962 shares.The stock last traded at $48.67 and had previously closed at $48.58.

Eaton Vance Floating Rate ETF Price Performance

The company’s 50 day moving average is $48.70 and its 200 day moving average is $48.75.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EVLN. HBK Sorce Advisory LLC bought a new stake in shares of Eaton Vance Floating Rate ETF in the second quarter valued at approximately $206,000. Eldridge Investment Advisors Inc. raised its holdings in Eaton Vance Floating Rate ETF by 0.6% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock valued at $9,399,000 after acquiring an additional 1,102 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Eaton Vance Floating Rate ETF in the 3rd quarter valued at $1,174,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of Eaton Vance Floating Rate ETF during the 3rd quarter valued at $27,435,000.

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.