Short Interest in Eaton Vance Ultra-Short Income ETF (NYSEARCA:EVSB) Rises By 206.8%

Eaton Vance Ultra-Short Income ETF (NYSEARCA:EVSB) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 10,829 shares, a growth of 206.8% from the August 15th total of 3,530 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 18,117 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Eaton Vance Ultra-Short Income ETF

A hedge fund recently bought a new stake in Eaton Vance Ultra-Short Income ETF stock. JPMorgan Chase & Co. purchased a new stake in Eaton Vance Ultra-Short Income ETF (NYSEARCA:EVSB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,691 shares of the company’s stock, valued at approximately $492,000. JPMorgan Chase & Co. owned 0.22% of Eaton Vance Ultra-Short Income ETF as of its most recent SEC filing.

Eaton Vance Ultra-Short Income ETF Stock Performance

Shares of EVSB traded down $0.04 during trading hours on Friday, hitting $50.75. 81,953 shares of the company were exchanged, compared to its average volume of 55,384. The firm’s 50 day moving average is $50.85 and its 200-day moving average is $50.85. Eaton Vance Ultra-Short Income ETF has a 52 week low of $50.62 and a 52 week high of $51.21.

Eaton Vance Ultra-Short Income ETF Company Profile

The Eaton Vance Ultra-Short Income ETF (EVSB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of investment grade debt securities globally. The fund aims for an average portfolio duration of one year or less EVSB was launched on Oct 16, 2023 and is issued by Eaton Vance.