Eaton Vance Short Duration Income ETF (NASDAQ:EVSD – Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 9,409 shares, a decrease of 70.7% from the September 30th total of 32,073 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 340,895 shares, the short-interest ratio is presently 0.0 days.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of EVSD. Prism Advisors Inc. purchased a new position in shares of Eaton Vance Short Duration Income ETF during the third quarter valued at approximately $16,667,000. Janney Montgomery Scott LLC raised its holdings in Eaton Vance Short Duration Income ETF by 3.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock worth $10,336,000 after purchasing an additional 7,623 shares in the last quarter. Equitable Holdings Inc. purchased a new stake in Eaton Vance Short Duration Income ETF in the second quarter worth about $691,000. Bank of America Corp DE bought a new stake in shares of Eaton Vance Short Duration Income ETF during the second quarter valued at approximately $297,000. Finally, Studio Investment Management LLC purchased a new stake in shares of Eaton Vance Short Duration Income ETF in the 3rd quarter worth about $517,000.
Eaton Vance Short Duration Income ETF Price Performance
Eaton Vance Short Duration Income ETF stock traded up $0.07 during trading hours on Thursday, reaching $50.29. The stock had a trading volume of 171,425 shares, compared to its average volume of 181,338. The company has a fifty day simple moving average of $50.28 and a 200-day simple moving average of $50.91. Eaton Vance Short Duration Income ETF has a 52 week low of $49.73 and a 52 week high of $51.70.
Eaton Vance Short Duration Income ETF Increases Dividend
The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.2073 per share. This is an increase from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.1893. This represents a $2.49 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Wednesday, September 30th.
About Eaton Vance Short Duration Income ETF
The Eaton Vance Short Duration Income ETF (EVSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of diversified USD-denominated fixed income securities with few restrictions on type and credit quality. The ETF aims to have an average duration of three years or less, while seeking above average returns over a market cycle of three to five years EVSD was launched on Mar 31, 1992 and is issued by Eaton Vance.
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