Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Short Interest Up 4,798.2% in August

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 65,146 shares, an increase of 4,798.2% from the July 30th total of 1,330 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 128,882 shares, the days-to-cover ratio is presently 0.5 days.

Eaton Vance Floating Rate ETF Trading Up 0.0%

Shares of NYSEARCA EVLN opened at $48.92 on Wednesday. The firm’s 50 day moving average price is $48.72 and its 200-day moving average price is $48.69. Eaton Vance Floating Rate ETF has a 52-week low of $48.08 and a 52-week high of $50.12.

Institutional Trading of Eaton Vance Floating Rate ETF

Several institutional investors have recently added to or reduced their stakes in EVLN. Sanctuary Advisors LLC bought a new position in shares of Eaton Vance Floating Rate ETF during the second quarter valued at $113,000. Oxbow Advisors LLC bought a new stake in Eaton Vance Floating Rate ETF in the 2nd quarter worth about $122,000. Fund Advisors of America Inc FL purchased a new position in Eaton Vance Floating Rate ETF in the 2nd quarter worth about $162,000. HBK Sorce Advisory LLC purchased a new position in Eaton Vance Floating Rate ETF in the 2nd quarter worth about $206,000. Finally, Altman Advisors Inc. bought a new position in Eaton Vance Floating Rate ETF during the 2nd quarter valued at about $442,000.

About Eaton Vance Floating Rate ETF

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.