Short Interest in Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Rises By 336.7%

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 71,577 shares, a growth of 336.7% from the April 15th total of 16,390 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 138,008 shares, the short-interest ratio is presently 0.5 days.

Eaton Vance Short Duration Income ETF Stock Performance

Eaton Vance Short Duration Income ETF stock opened at $50.99 on Wednesday. The company has a 50-day simple moving average of $51.14 and a 200-day simple moving average of $51.38. Eaton Vance Short Duration Income ETF has a one year low of $50.66 and a one year high of $51.72.

Eaton Vance Short Duration Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Thursday, April 30th were given a $0.1889 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 4.4%. This is a boost from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.18.

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Studio Investment Management LLC acquired a new stake in Eaton Vance Short Duration Income ETF in the 4th quarter valued at about $208,000. First American Bank acquired a new stake in Eaton Vance Short Duration Income ETF in the 1st quarter valued at about $571,000. Eldridge Investment Advisors Inc. lifted 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 valued at $2,875,000 after acquiring an additional 33,145 shares during the last quarter. Nemes Rush Group LLC acquired a new stake in Eaton Vance Short Duration Income ETF in the 3rd quarter valued at about $9,732,000. Finally, Janney Montgomery Scott LLC lifted its holdings in Eaton Vance Short Duration Income ETF by 893.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 195,285 shares of the company’s stock valued at $10,046,000 after acquiring an additional 175,631 shares during the last quarter.

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.