Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Large Volume Increase – What’s Next?

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) shares saw unusually-strong trading volume on Thursday . Approximately 178,395 shares were traded during trading, an increase of 113% from the previous session’s volume of 83,876 shares.The stock last traded at $49.4250 and had previously closed at $49.55.

Eaton Vance Floating Rate ETF Stock Down 0.2%

The company’s 50 day moving average price is $49.59 and its 200 day moving average price is $49.75.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Eaton Vance Floating Rate ETF stock. Flow Traders U.S. LLC purchased a new position in shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,645 shares of the company’s stock, valued at approximately $1,174,000. Flow Traders U.S. LLC owned about 0.08% of Eaton Vance Floating Rate ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.