Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Shares Shorted: Short Interest Down 70.7% in October

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 9,409 shares, a drop of 70.7% from the September 30th total of 32,073 shares. Based on an average trading volume of 340,895 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Eaton Vance Short Duration Income ETF Stock Down 0.3%

Shares of Eaton Vance Short Duration Income ETF stock traded down $0.17 on Friday, hitting $50.12. 196,702 shares of the company’s stock traded hands, compared to its average volume of 181,403. The company has a fifty day moving average of $50.27 and a two-hundred day moving average of $50.90. Eaton Vance Short Duration Income ETF has a one year low of $49.73 and a one year high of $51.70.

Eaton Vance Short Duration Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Friday, October 30th will be given a dividend of $0.2299 per share. This is a positive change from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.2073. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.76 annualized dividend and a dividend yield of 5.5%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Prism Advisors Inc. acquired a new position in shares of Eaton Vance Short Duration Income ETF during the third quarter valued at about $16,667,000. Janney Montgomery Scott LLC raised its position in Eaton Vance Short Duration Income ETF by 3.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 202,908 shares of the company’s stock valued at $10,336,000 after buying an additional 7,623 shares during the last quarter. Equitable Holdings Inc. purchased a new stake in shares of Eaton Vance Short Duration Income ETF in the second quarter valued at about $691,000. Bank of America Corp DE bought a new stake in Eaton Vance Short Duration Income ETF during the second quarter worth $297,000. Finally, Studio Investment Management LLC bought a new position in Eaton Vance Short Duration Income ETF during the third quarter valued at about $517,000.

Eaton Vance Short Duration Income ETF Company Profile

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.