Short Interest in Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Declines By 35.3%

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 363,703 shares, a decline of 35.3% from the August 15th total of 561,971 shares. Based on an average daily volume of 399,245 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Eaton Vance Limited Duration Income Fund

Hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC purchased a new stake in Eaton Vance Limited Duration Income Fund during the 2nd quarter valued at about $54,000. Corient Private Wealth LP purchased a new position in Eaton Vance Limited Duration Income Fund in the second quarter worth about $130,000. Clearstead Advisors LLC raised its holdings in Eaton Vance Limited Duration Income Fund by 26.5% in the fourth quarter. Clearstead Advisors LLC now owns 16,153 shares of the company’s stock worth $160,000 after buying an additional 3,383 shares during the last quarter. WealthTrust Asset Management LLC bought a new position in shares of Eaton Vance Limited Duration Income Fund in the first quarter worth approximately $161,000. Finally, Advisory Solutions Group LLC bought a new position in Eaton Vance Limited Duration Income Fund in the 2nd quarter valued at approximately $236,000.

Eaton Vance Limited Duration Income Fund Price Performance

EVV traded up $0.06 during trading on Thursday, reaching $8.72. The stock had a trading volume of 935,242 shares, compared to its average volume of 370,065. The stock’s 50 day moving average is $9.10 and its two-hundred day moving average is $9.28. Eaton Vance Limited Duration Income Fund has a one year low of $8.63 and a one year high of $10.26.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.0695 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%.

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.