Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Strong Trading Volume – Here’s What Happened

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw unusually-high trading volume on Monday . 629,580 shares were traded during trading, an increase of 831% from the previous session’s volume of 67,619 shares.The stock last traded at $48.79 and had previously closed at $48.72.

Eaton Vance Floating Rate ETF Stock Performance

The stock’s 50 day moving average price is $48.80 and its two-hundred day moving average price is $48.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC purchased a new position in Eaton Vance Floating Rate ETF in the third quarter valued at about $1,174,000. Eldridge Investment Advisors Inc. boosted its stake in shares of Eaton Vance Floating Rate ETF by 0.6% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock worth $9,399,000 after acquiring an additional 1,102 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Eaton Vance Floating Rate ETF in the 3rd quarter worth approximately $27,435,000.

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.