Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Sees Strong Trading Volume – Here’s What Happened

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) shares saw unusually-strong trading volume on Wednesday . Approximately 638,839 shares changed hands during mid-day trading, an increase of 409% from the previous session’s volume of 125,527 shares.The stock last traded at $49.90 and had previously closed at $49.85.

Eaton Vance Floating Rate ETF Stock Performance

The firm’s 50-day simple moving average is $50.35 and its two-hundred day simple moving average is $50.39.

Eaton Vance Floating Rate ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Friday, January 31st were paid a $0.3196 dividend. The ex-dividend date of this dividend was Friday, January 31st.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Eaton Vance Floating Rate ETF stock. Flow Traders U.S. LLC purchased a new stake in shares of Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 35,500 shares of the company’s stock, valued at approximately $1,778,000. Flow Traders U.S. LLC owned approximately 0.23% of Eaton Vance Floating Rate ETF at the end of the most recent quarter.

Eaton Vance Floating Rate ETF Company Profile

The Eaton Vance Floating-Rate ETF (EVLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking high current income by holding sub-investment grade floating-rate loans and corporate debts issued globally. EVLN was launched on Feb 6, 2024 and is issued by Eaton Vance.