Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Short Interest Down 97.6% in July

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 1,330 shares, a drop of 97.6% from the July 15th total of 55,545 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 116,184 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Eaton Vance Floating Rate ETF

Several hedge funds have recently added to or reduced their stakes in the company. Oxbow Advisors LLC bought a new position in shares of Eaton Vance Floating Rate ETF during the 2nd quarter valued at about $122,000. HBK Sorce Advisory LLC purchased a new position in shares of Eaton Vance Floating Rate ETF during the 2nd quarter valued at about $206,000. Altman Advisors Inc. purchased a new position in shares of Eaton Vance Floating Rate ETF during the 2nd quarter valued at about $442,000. Keating Financial Advisory Services Inc. bought a new stake in Eaton Vance Floating Rate ETF in the 2nd quarter worth approximately $1,149,000. Finally, Flow Traders U.S. LLC purchased a new stake in Eaton Vance Floating Rate ETF in the third quarter worth approximately $1,174,000.

Eaton Vance Floating Rate ETF Stock Up 0.1%

NYSEARCA:EVLN traded up $0.07 during midday trading on Tuesday, hitting $48.81. The company had a trading volume of 163,462 shares, compared to its average volume of 74,060. Eaton Vance Floating Rate ETF has a 52-week low of $48.08 and a 52-week high of $50.12. The stock’s fifty day moving average price is $48.70 and its 200-day moving average price is $48.73.

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.