Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sees Large Growth in Short Interest

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 71,577 shares, an increase of 336.7% from the April 15th total of 16,390 shares. Based on an average daily volume of 138,008 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Eaton Vance Short Duration Income ETF

Several institutional investors have recently modified their holdings of the company. Studio Investment Management LLC bought a new stake in Eaton Vance Short Duration Income ETF in the 4th quarter worth approximately $208,000. First American Bank purchased a new position in shares of Eaton Vance Short Duration Income ETF during the first quarter worth approximately $571,000. Eldridge Investment Advisors Inc. raised its stake in shares of Eaton Vance Short Duration Income ETF by 145.7% during the fourth quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock worth $2,875,000 after acquiring an additional 33,145 shares in the last quarter. Nemes Rush Group LLC bought a new stake in shares of Eaton Vance Short Duration Income ETF in the 3rd quarter worth approximately $9,732,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Eaton Vance Short Duration Income ETF by 893.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 195,285 shares of the company’s stock worth $10,046,000 after acquiring an additional 175,631 shares during the last quarter.

Eaton Vance Short Duration Income ETF Price Performance

Shares of NASDAQ:EVSD traded down $0.08 during trading on Friday, reaching $50.90. The company had a trading volume of 80,761 shares, compared to its average volume of 164,781. The company has a fifty day moving average of $51.12 and a two-hundred day moving average of $51.37. Eaton Vance Short Duration Income ETF has a 12 month low of $50.73 and a 12 month high of $51.72.

Eaton Vance Short Duration Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Thursday, April 30th were given a dividend of $0.1889 per share. The ex-dividend date was Thursday, April 30th. This is a positive change from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a yield of 4.5%.

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.