Eaton Vance High Yield ETF (NYSEARCA:EVHY – Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 7,103 shares, a growth of 141.1% from the July 15th total of 2,946 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 3,199 shares, the days-to-cover ratio is presently 2.2 days.
Institutional Trading of Eaton Vance High Yield ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in EVHY. Northwestern Mutual Wealth Management Co. bought a new position in shares of Eaton Vance High Yield ETF in the 2nd quarter valued at about $58,000. Wealth Effects LLC bought a new stake in shares of Eaton Vance High Yield ETF in the 2nd quarter valued at about $147,000. Allworth Financial LP acquired a new stake in Eaton Vance High Yield ETF in the 2nd quarter valued at about $166,000. Elevation Point Wealth Partners LLC bought a new position in Eaton Vance High Yield ETF during the second quarter worth about $207,000. Finally, Financial Alternatives Inc bought a new position in Eaton Vance High Yield ETF during the second quarter worth about $1,490,000.
Eaton Vance High Yield ETF Price Performance
Shares of EVHY traded down $0.02 during mid-day trading on Friday, hitting $52.26. 537 shares of the company’s stock were exchanged, compared to its average volume of 4,332. Eaton Vance High Yield ETF has a 52 week low of $48.57 and a 52 week high of $53.63. The company has a 50-day simple moving average of $52.27 and a 200 day simple moving average of $52.43.
About Eaton Vance High Yield ETF
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.
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