Eaton Vance High Yield ETF (NYSEARCA:EVHY) Sees Significant Drop in Short Interest

Eaton Vance High Yield ETF (NYSEARCA:EVHY) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 10,389 shares, a decrease of 15.6% from the January 29th total of 12,305 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average trading volume of 7,133 shares, the days-to-cover ratio is presently 1.5 days. Based on an average trading volume of 7,133 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.6% of the shares of the stock are sold short.

Eaton Vance High Yield ETF Stock Up 0.1%

Shares of NYSEARCA EVHY traded up $0.07 during midday trading on Thursday, hitting $52.73. 386 shares of the company’s stock were exchanged, compared to its average volume of 5,260. The business’s fifty day moving average price is $53.05 and its two-hundred day moving average price is $53.21. Eaton Vance High Yield ETF has a 12-month low of $50.26 and a 12-month high of $53.63.

Eaton Vance High Yield ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Friday, February 27th will be issued a $0.2463 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%.

Eaton Vance High Yield ETF Company Profile

The Eaton Vance High Yield ETF (EVHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of US corporate high yield debt securities with varying maturities. The fund aims for high levels of income and capital growth EVHY was launched on Oct 16, 2023 and is issued by Eaton Vance.