Short Interest in Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Drops By 53.9%

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 60,628 shares, a decrease of 53.9% from the May 31st total of 131,397 shares. Based on an average daily volume of 143,745 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Trading of Eaton Vance Short Duration Income ETF

A number of large investors have recently made changes to their positions in EVSD. Studio Investment Management LLC purchased a new position in shares of Eaton Vance Short Duration Income ETF in the 4th quarter valued at about $208,000. First American Bank purchased a new stake in Eaton Vance Short Duration Income ETF during the first quarter worth approximately $571,000. Eldridge Investment Advisors Inc. boosted its holdings in Eaton Vance Short Duration Income ETF by 145.7% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock valued at $2,875,000 after purchasing an additional 33,145 shares in the last quarter. Nemes Rush Group LLC acquired a new position in Eaton Vance Short Duration Income ETF in the third quarter valued at approximately $9,732,000. Finally, Janney Montgomery Scott LLC increased its stake in Eaton Vance Short Duration Income ETF by 893.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 195,285 shares of the company’s stock valued at $10,046,000 after purchasing an additional 175,631 shares during the last quarter.

Eaton Vance Short Duration Income ETF Price Performance

NASDAQ:EVSD remained flat at $50.85 during trading hours on Wednesday. The company’s stock had a trading volume of 275,880 shares, compared to its average volume of 160,425. Eaton Vance Short Duration Income ETF has a one year low of $50.80 and a one year high of $51.72. The stock has a fifty day simple moving average of $51.00 and a 200-day simple moving average of $51.25.

Eaton Vance Short Duration Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.1902 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, June 30th.

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.