Eaton Vance Floating Rate ETF (NYSEARCA:EVLN – Get Free Report) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 135,508 shares, a growth of 540.6% from the October 15th total of 21,154 shares. Based on an average daily trading volume, of 154,373 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the shares of the company are sold short.
Eaton Vance Floating Rate ETF Trading Up 0.1%
Shares of Eaton Vance Floating Rate ETF stock traded up $0.03 during trading on Friday, reaching $48.43. The company’s stock had a trading volume of 328 shares, compared to its average volume of 84,979. The business’s 50-day moving average price is $48.47 and its 200-day moving average price is $48.66. Eaton Vance Floating Rate ETF has a 52 week low of $47.99 and a 52 week high of $49.76.
Institutional Investors Weigh In On Eaton Vance Floating Rate ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in EVLN. Vestor Capital LLC bought a new stake in shares of Eaton Vance Floating Rate ETF during the 3rd quarter valued at $148,000. Bank of America Corp DE acquired a new stake in shares of Eaton Vance Floating Rate ETF in the 2nd quarter valued at approximately $9,840,000. Sanctuary Advisors LLC acquired a new stake in Eaton Vance Floating Rate ETF in the second quarter valued at approximately $113,000. Northwestern Mutual Wealth Management Co. bought a new stake in Eaton Vance Floating Rate ETF during the 2nd quarter worth $2,149,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Eaton Vance Floating Rate ETF during the second quarter worth about $453,000.
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.
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