Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Sees Large Drop in Short Interest

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 146,561 shares, a decrease of 59.7% from the August 31st total of 363,703 shares. Based on an average daily volume of 387,442 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Eaton Vance Limited Duration Income Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new stake in Eaton Vance Limited Duration Income Fund in the 2nd quarter worth $54,000. Corient Private Wealth LP acquired a new position in Eaton Vance Limited Duration Income Fund during the second quarter worth $130,000. Clearstead Advisors LLC lifted its holdings in Eaton Vance Limited Duration Income Fund by 26.5% during the fourth quarter. Clearstead Advisors LLC now owns 16,153 shares of the company’s stock valued at $160,000 after purchasing an additional 3,383 shares in the last quarter. WealthTrust Asset Management LLC purchased a new position in Eaton Vance Limited Duration Income Fund during the first quarter valued at $161,000. Finally, Advisory Solutions Group LLC acquired a new stake in shares of Eaton Vance Limited Duration Income Fund in the second quarter valued at about $236,000.

Eaton Vance Limited Duration Income Fund Stock Performance

EVV stock traded down $0.05 during mid-day trading on Monday, reaching $8.37. 1,069,693 shares of the company’s stock were exchanged, compared to its average volume of 387,828. Eaton Vance Limited Duration Income Fund has a 12-month low of $8.31 and a 12-month high of $10.25. The stock’s 50 day moving average is $9.01 and its 200 day moving average is $9.23.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, September 24th. Stockholders of record on Monday, September 14th were paid a dividend of $0.0695 per share. This represents a $0.83 annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend was Monday, September 14th. This is a negative change from Eaton Vance Limited Duration Income Fund’s previous monthly dividend of $0.0696.

Eaton Vance Limited Duration Income Fund Company Profile

Eaton Vance Limited Duration Income Fund (NYSE American: EVV) is a closed-end investment fund managed by Eaton Vance Management. The fund seeks to provide a high level of current income while maintaining a portfolio with limited interest-rate duration, which can help reduce sensitivity to changes in interest rates compared with longer-duration fixed-income investments.

The fund invests primarily in a diversified portfolio of income-producing debt securities. Its investments may include corporate bonds, below-investment-grade securities, mortgage-backed securities, asset-backed securities, government and sovereign debt, and other fixed-income instruments.