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

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 135,508 shares, an increase of 540.6% from the October 15th total of 21,154 shares. Based on an average daily volume of 154,373 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.4% of the company’s stock are short sold.

Eaton Vance Floating Rate ETF Stock Down 0.0%

EVLN stock traded down $0.02 during mid-day trading on Thursday, reaching $48.40. The company had a trading volume of 39,399 shares, compared to its average volume of 85,367. Eaton Vance Floating Rate ETF has a 52 week low of $47.99 and a 52 week high of $49.76. The stock has a 50 day simple moving average of $48.47 and a two-hundred day simple moving average of $48.66.

Institutional Trading of Eaton Vance Floating Rate ETF

Large investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in Eaton Vance Floating Rate ETF during the 2nd quarter valued at about $9,840,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Eaton Vance Floating Rate ETF during the 2nd quarter valued at about $2,149,000. Keating Financial Advisory Services Inc. purchased a new stake in Eaton Vance Floating Rate ETF in the 2nd quarter worth approximately $1,149,000. Altman Advisors Inc. bought a new position in shares of Eaton Vance Floating Rate ETF during the second quarter valued at approximately $442,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Eaton Vance Floating Rate ETF in the second quarter worth approximately $453,000.

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.