Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Short Interest Update

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 131,397 shares, a growth of 938.6% from the May 14th total of 12,651 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 163,170 shares, the days-to-cover ratio is presently 0.8 days.

Eaton Vance Short Duration Income ETF Trading Up 0.1%

EVSD stock opened at $50.87 on Wednesday. The stock has a 50-day moving average price of $51.04 and a two-hundred day moving average price of $51.31. Eaton Vance Short Duration Income ETF has a 1 year low of $50.80 and a 1 year high of $51.72.

Eaton Vance Short Duration Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Friday, May 29th were issued a dividend of $0.1944 per share. This is a boost from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.19. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

A number of large investors have recently added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new position in shares of Eaton Vance Short Duration Income ETF during the 3rd quarter worth about $9,732,000. Ameriprise Financial Inc. acquired a new position in shares of Eaton Vance Short Duration Income ETF during the 3rd quarter worth about $15,875,000. Studio Investment Management LLC acquired a new position in shares of Eaton Vance Short Duration Income ETF during the 4th quarter worth about $208,000. Eldridge Investment Advisors Inc. boosted its stake in shares of 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 worth $2,875,000 after buying an additional 33,145 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of 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 worth $10,046,000 after buying 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.