Short Interest in Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Grows By 938.6%

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 131,397 shares, a growth of 938.6% from the May 14th total of 12,651 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 163,170 shares, the days-to-cover ratio is currently 0.8 days.

Eaton Vance Short Duration Income ETF Stock Up 0.2%

Shares of NASDAQ EVSD traded up $0.11 during mid-day trading on Thursday, hitting $50.96. The company’s stock had a trading volume of 89,256 shares, compared to its average volume of 164,085. Eaton Vance Short Duration Income ETF has a one year low of $50.80 and a one year high of $51.72. The company’s fifty day simple moving average is $51.04 and its 200-day simple moving average is $51.30.

Eaton Vance Short Duration Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Friday, May 29th were given a $0.1944 dividend. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. This is a positive change from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.19.

Institutional Trading of Eaton Vance Short Duration Income ETF

A number of hedge funds have recently modified their holdings of the company. Prism Advisors Inc. acquired a new stake in shares of Eaton Vance Short Duration Income ETF in the 1st quarter valued at approximately $15,230,000. Janney Montgomery Scott LLC raised its position in shares of Eaton Vance Short Duration Income ETF by 3.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock valued at $10,336,000 after acquiring an additional 7,623 shares during the period. First American Bank acquired a new stake in Eaton Vance Short Duration Income ETF during the 1st quarter worth approximately $571,000. Eldridge Investment Advisors Inc. raised its holdings in Eaton Vance Short Duration Income ETF by 145.7% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock worth $2,875,000 after buying an additional 33,145 shares during the period. Finally, Nemes Rush Group LLC raised its holdings in Eaton Vance Short Duration Income ETF by 3.6% during the 4th quarter. Nemes Rush Group LLC now owns 196,156 shares of the company’s stock worth $10,091,000 after buying an additional 6,833 shares during the period.

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.