Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Short Interest Down 35.3% in August

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 363,703 shares, a drop of 35.3% from the August 15th total of 561,971 shares. Based on an average daily trading volume, of 399,245 shares, the days-to-cover ratio is presently 0.9 days.

Eaton Vance Limited Duration Income Fund Trading Up 0.7%

Eaton Vance Limited Duration Income Fund stock traded up $0.06 during midday trading on Thursday, hitting $8.72. The stock had a trading volume of 935,242 shares, compared to its average volume of 370,065. The firm’s fifty day moving average is $9.10 and its two-hundred day moving average is $9.28. Eaton Vance Limited Duration Income Fund has a 52-week low of $8.63 and a 52-week high of $10.26.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Monday, September 14th will be given a dividend of $0.0695 per share. The ex-dividend date is Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 9.6%.

Hedge Funds Weigh In On Eaton Vance Limited Duration Income Fund

Several hedge funds have recently modified their holdings of the stock. Sit Investment Associates Inc. increased its holdings in Eaton Vance Limited Duration Income Fund by 0.7% in the 4th quarter. Sit Investment Associates Inc. now owns 6,460,942 shares of the company’s stock valued at $64,028,000 after acquiring an additional 44,239 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in Eaton Vance Limited Duration Income Fund by 1.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,064,177 shares of the company’s stock worth $10,152,000 after purchasing an additional 13,216 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Eaton Vance Limited Duration Income Fund by 2.0% during the 1st quarter. Royal Bank of Canada now owns 995,905 shares of the company’s stock valued at $9,411,000 after purchasing an additional 19,806 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Eaton Vance Limited Duration Income Fund by 15.1% during the first quarter. Cetera Investment Advisers now owns 933,420 shares of the company’s stock valued at $8,821,000 after purchasing an additional 122,470 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Eaton Vance Limited Duration Income Fund by 2.2% during the first quarter. Janney Montgomery Scott LLC now owns 520,780 shares of the company’s stock valued at $4,921,000 after purchasing an additional 11,313 shares in the last quarter.

Eaton Vance Limited Duration Income Fund Company Profile

Eaton Vance Limited Duration Income Fund is a closed-end management investment company listed on the NYSE American exchange under the ticker EVV. The fund seeks to provide shareholders with a high level of current income and preservation of capital by investing primarily in a diversified portfolio of short- to intermediate-term debt securities. Its holdings typically include investment-grade corporate bonds, asset-backed securities and various government-related obligations.

To enhance yield, the fund may employ modest leverage through the issuance of preferred stock and borrowings.