Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sees Significant Decrease in Short Interest

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 18,300 shares, a drop of 42.8% from the March 15th total of 32,000 shares. Based on an average daily volume of 43,300 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Eaton Vance Short Duration Income ETF Stock Down 0.1 %

NASDAQ:EVSD traded down $0.05 during trading hours on Friday, hitting $50.79. 74,469 shares of the company were exchanged, compared to its average volume of 27,861. The company’s 50 day moving average price is $50.80 and its 200-day moving average price is $50.66. Eaton Vance Short Duration Income ETF has a 52-week low of $49.68 and a 52-week high of $51.27.

Eaton Vance Short Duration Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 31st were paid a $0.2022 dividend. This is a positive change from Eaton Vance Short Duration Income ETF’s previous dividend of $0.19. The ex-dividend date was Monday, March 31st.

Institutional Trading of Eaton Vance Short Duration Income ETF

A hedge fund recently bought a new stake in Eaton Vance Short Duration Income ETF stock. Farther Finance Advisors LLC bought a new stake in Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,454 shares of the company’s stock, valued at approximately $125,000.

About Eaton Vance Short Duration Income ETF

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.