Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sees Large Volume Increase – Here’s Why

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) shares saw strong trading volume on Tuesday . Approximately 1,144,258 shares traded hands during mid-day trading, an increase of 610% from the previous session’s volume of 161,150 shares.The stock last traded at $50.86 and had previously closed at $50.87.

Eaton Vance Short Duration Income ETF Trading Down 0.0%

The company has a 50-day moving average of $50.86 and a 200-day moving average of $51.09.

Eaton Vance Short Duration Income ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, August 6th. Stockholders of record on Friday, July 31st were paid a $0.1976 dividend. The ex-dividend date of this dividend was Friday, July 31st.

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

Hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. acquired a new position in shares of Eaton Vance Short Duration Income ETF in the third quarter worth approximately $15,875,000. Prism Advisors Inc. acquired a new stake in Eaton Vance Short Duration Income ETF during the 1st quarter valued at approximately $15,230,000. Janney Montgomery Scott LLC increased its position in Eaton Vance Short Duration Income ETF by 3.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock valued at $10,336,000 after purchasing an additional 7,623 shares during the period. 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 purchasing an additional 6,833 shares during the last quarter. Finally, Equitable Holdings Inc. bought a new position in Eaton Vance Short Duration Income ETF during the 2nd quarter worth approximately $691,000.

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.