Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sees Unusually-High Trading Volume – Here’s Why

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) saw unusually-strong trading volume on Thursday. 667,038 shares traded hands during trading, an increase of 281% from the previous session’s volume of 175,201 shares. The stock last traded at $50.0350 and had previously closed at $49.90.

Eaton Vance Short Duration Income ETF Price Performance

The stock’s 50 day moving average is $50.43 and its 200-day moving average is $50.77.

Eaton Vance Short Duration Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Wednesday, September 30th were given a dividend of $0.2073 per share. This represents a $2.49 annualized dividend and a dividend yield of 5.0%. This is a boost from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.1893. The ex-dividend date of this dividend was Wednesday, September 30th.

Institutional Investors Weigh In On Eaton Vance Short Duration Income ETF

A number of hedge funds have recently added to or reduced their stakes in EVSD. Prism Advisors Inc. purchased a new position in shares of Eaton Vance Short Duration Income ETF during the 3rd quarter valued at about $16,667,000. Janney Montgomery Scott LLC increased its position in Eaton Vance Short Duration Income ETF by 3.9% during the first quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock valued at $10,336,000 after acquiring an additional 7,623 shares during the last quarter. Equitable Holdings Inc. purchased a new position in Eaton Vance Short Duration Income ETF during the 2nd quarter valued at $691,000. First American Bank bought a new stake in Eaton Vance Short Duration Income ETF during the 1st quarter valued at $571,000. Finally, Studio Investment Management LLC bought a new stake in shares of Eaton Vance Short Duration Income ETF in the 2nd quarter valued at about $391,000.

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.