Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Significant Growth in Short Interest

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 309,863 shares, a growth of 30.2% from the November 30th total of 237,966 shares. Based on an average daily volume of 65,803 shares, the days-to-cover ratio is presently 4.7 days. Approximately 1.0% of the shares of the company are short sold. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 65,803 shares, the days-to-cover ratio is presently 4.7 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Eaton Vance Floating Rate ETF stock. Ameriprise Financial Inc. acquired a new stake in shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 552,321 shares of the company’s stock, valued at approximately $27,435,000. Ameriprise Financial Inc. owned approximately 1.85% of Eaton Vance Floating Rate ETF as of its most recent SEC filing.

Eaton Vance Floating Rate ETF Price Performance

NYSEARCA EVLN remained flat at $49.47 during trading hours on Tuesday. The company’s stock had a trading volume of 106,732 shares, compared to its average volume of 103,605. Eaton Vance Floating Rate ETF has a 1 year low of $48.21 and a 1 year high of $50.70. The business has a fifty day moving average of $49.62 and a two-hundred day moving average of $49.81.

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.