Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Short Interest Up 339.0% in August

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 561,971 shares, a growth of 339.0% from the July 30th total of 128,023 shares. Based on an average trading volume of 466,574 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On Eaton Vance Limited Duration Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. increased its position in shares of Eaton Vance Limited Duration Income Fund by 0.7% during the 4th quarter. Sit Investment Associates Inc. now owns 6,460,942 shares of the company’s stock valued at $64,028,000 after purchasing an additional 44,239 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Eaton Vance Limited Duration Income Fund by 2.6% in the third quarter. Ameriprise Financial Inc. now owns 4,109,773 shares of the company’s stock worth $41,718,000 after buying an additional 104,093 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Eaton Vance Limited Duration Income Fund by 1.6% during the fourth quarter. Guggenheim Capital LLC now owns 1,762,567 shares of the company’s stock worth $17,467,000 after buying an additional 28,303 shares during the period. Invesco Ltd. increased its position in Eaton Vance Limited Duration Income Fund by 6.5% during the third quarter. Invesco Ltd. now owns 1,474,071 shares of the company’s stock valued at $14,962,000 after acquiring an additional 90,501 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in Eaton Vance Limited Duration Income Fund by 1.3% during the first quarter. Chicago Partners Investment Group LLC now owns 1,064,177 shares of the company’s stock valued at $10,152,000 after acquiring an additional 13,216 shares during the last quarter.

Eaton Vance Limited Duration Income Fund Price Performance

Eaton Vance Limited Duration Income Fund stock traded down $0.04 during mid-day trading on Wednesday, reaching $9.10. 235,275 shares of the company’s stock traded hands, compared to its average volume of 361,697. Eaton Vance Limited Duration Income Fund has a 12-month low of $8.97 and a 12-month high of $10.41. The stock has a 50 day moving average of $9.22 and a two-hundred day moving average of $9.40.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, August 25th. Investors of record on Thursday, August 13th were given a $0.0696 dividend. The ex-dividend date was Thursday, August 13th. This represents a c) annualized dividend and a yield of 9.2%.

Eaton Vance Limited Duration Income Fund Company Profile

Eaton Vance Limited Duration Income Fund is a closed-end management investment company listed on the NYSE American exchange under the ticker EVV. The fund seeks to provide shareholders with a high level of current income and preservation of capital by investing primarily in a diversified portfolio of short- to intermediate-term debt securities. Its holdings typically include investment-grade corporate bonds, asset-backed securities and various government-related obligations.

To enhance yield, the fund may employ modest leverage through the issuance of preferred stock and borrowings.