Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Shares Up 0% – Here’s What Happened

Shares of Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) shot up 0% on Friday . The stock traded as high as $51.66 and last traded at $51.65. 83,570 shares traded hands during trading, a decline of 54% from the average session volume of 179,773 shares. The stock had previously closed at $51.63.

Eaton Vance Short Duration Income ETF Price Performance

The stock has a 50 day simple moving average of $51.52 and a 200 day simple moving average of $51.49.

Eaton Vance Short Duration Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Friday, January 30th were issued a dividend of $0.1954 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, January 30th.

Institutional Investors Weigh In On Eaton Vance Short Duration Income ETF

Large investors have recently added to or reduced their stakes in the company. Studio Investment Management LLC purchased a new position in shares of Eaton Vance Short Duration Income ETF in the fourth quarter valued at about $208,000. Flow Traders U.S. LLC bought a new stake in shares of Eaton Vance Short Duration Income ETF in the second quarter worth about $1,189,000. Eldridge Investment Advisors Inc. increased its holdings in Eaton Vance Short Duration Income ETF by 145.7% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock valued at $2,875,000 after purchasing an additional 33,145 shares during the period. Nemes Rush Group LLC purchased a new position in Eaton Vance Short Duration Income ETF during the 3rd quarter valued at about $9,732,000. Finally, Janney Montgomery Scott LLC raised its position in Eaton Vance Short Duration Income ETF by 893.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 195,285 shares of the company’s stock valued at $10,046,000 after purchasing an additional 175,631 shares during the last quarter.

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.