Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sees Significant Growth in Short Interest

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 54,161 shares, an increase of 180.1% from the June 30th total of 19,334 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 127,737 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Eaton Vance Short Duration Income ETF

A number of large investors 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 1st quarter valued at $15,230,000. First American Bank purchased a new stake in Eaton Vance Short Duration Income ETF in the 1st quarter worth about $571,000. Eldridge Investment Advisors Inc. increased its holdings in Eaton Vance Short Duration Income ETF by 145.7% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock worth $2,875,000 after acquiring an additional 33,145 shares during the last quarter. Studio Investment Management LLC bought a new stake in Eaton Vance Short Duration Income ETF in the 4th quarter valued at about $208,000. Finally, Nemes Rush Group LLC raised its stake in Eaton Vance Short Duration Income ETF by 3.6% in the 4th quarter. Nemes Rush Group LLC now owns 196,156 shares of the company’s stock valued at $10,091,000 after acquiring an additional 6,833 shares during the period.

Eaton Vance Short Duration Income ETF Stock Up 0.2%

EVSD traded up $0.08 during midday trading on Tuesday, reaching $50.82. The company had a trading volume of 46,990 shares, compared to its average volume of 155,406. Eaton Vance Short Duration Income ETF has a 12-month low of $50.67 and a 12-month high of $51.72. The business has a 50-day moving average price of $50.90 and a two-hundred day moving average price of $51.16.

Eaton Vance Short Duration Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th were paid a $0.1902 dividend. The ex-dividend date was Tuesday, June 30th. This represents a c) annualized dividend and a yield of 4.5%.

Eaton Vance Short Duration Income ETF Company Profile

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.