Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Significant Decline in Short Interest

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 21,154 shares, a drop of 57.7% from the September 30th total of 49,991 shares. Based on an average daily volume of 95,955 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Eaton Vance Floating Rate ETF

A number of institutional investors and hedge funds have recently bought and sold shares of EVLN. Keating Financial Advisory Services Inc. acquired a new position in Eaton Vance Floating Rate ETF in the second quarter valued at $1,149,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Eaton Vance Floating Rate ETF during the second quarter worth about $453,000. Sanctuary Advisors LLC acquired a new stake in shares of Eaton Vance Floating Rate ETF in the 2nd quarter valued at about $113,000. Oxbow Advisors LLC acquired a new stake in shares of Eaton Vance Floating Rate ETF in the 2nd quarter valued at about $122,000. Finally, HBK Sorce Advisory LLC purchased a new position in Eaton Vance Floating Rate ETF during the 2nd quarter worth approximately $206,000.

Eaton Vance Floating Rate ETF Stock Performance

Shares of NYSEARCA:EVLN opened at $48.15 on Friday. The firm has a 50 day simple moving average of $48.57 and a 200-day simple moving average of $48.72. Eaton Vance Floating Rate ETF has a twelve month low of $47.99 and a twelve month high of $49.76.

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.