Short Interest in Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Grows By 141.1%

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 12,940 shares, a growth of 141.1% from the February 26th total of 5,367 shares. Based on an average daily trading volume, of 55,073 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Eaton Vance Floating Rate ETF Stock Up 0.1%

Shares of EVLN stock opened at $48.52 on Thursday. Eaton Vance Floating Rate ETF has a fifty-two week low of $48.08 and a fifty-two week high of $50.28. The firm’s 50 day moving average price is $48.88 and its two-hundred day moving average price is $49.38.

Eaton Vance Floating Rate ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Friday, February 27th were issued a dividend of $0.2424 per share. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 6.0%.

Institutional Trading of Eaton Vance Floating Rate ETF

Large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. purchased a new position in Eaton Vance Floating Rate ETF in the third quarter valued at about $27,435,000. Flow Traders U.S. LLC purchased a new stake in shares of Eaton Vance Floating Rate ETF in the third quarter worth about $1,174,000. Finally, Eldridge Investment Advisors Inc. boosted its position in shares of Eaton Vance Floating Rate ETF by 0.6% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock worth $9,399,000 after buying an additional 1,102 shares during the period.

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.