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

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 65,146 shares, a growth of 4,798.2% from the July 30th total of 1,330 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 128,882 shares, the days-to-cover ratio is presently 0.5 days.

Eaton Vance Floating Rate ETF Price Performance

Shares of NYSEARCA EVLN traded up $0.02 during trading on Tuesday, hitting $48.92. 29,251 shares of the company were exchanged, compared to its average volume of 85,239. Eaton Vance Floating Rate ETF has a 1 year low of $48.08 and a 1 year high of $50.12. The firm’s fifty day moving average price is $48.72 and its 200 day moving average price is $48.70.

Institutional Investors Weigh In On Eaton Vance Floating Rate ETF

Institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in Eaton Vance Floating Rate ETF in the 2nd quarter valued at approximately $113,000. Oxbow Advisors LLC acquired a new position in shares of Eaton Vance Floating Rate ETF during the 2nd quarter worth $122,000. Fund Advisors of America Inc FL purchased a new stake in shares of Eaton Vance Floating Rate ETF in the 2nd quarter worth about $162,000. HBK Sorce Advisory LLC purchased a new stake in shares of Eaton Vance Floating Rate ETF in the 2nd quarter worth about $206,000. Finally, Altman Advisors Inc. acquired a new stake in Eaton Vance Floating Rate ETF in the 2nd quarter valued at about $442,000.

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.