Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Sees Significant Drop in Short Interest

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 146,561 shares, a drop of 59.7% from the August 31st total of 363,703 shares. Based on an average daily volume of 387,442 shares, the short-interest ratio is presently 0.4 days.

Eaton Vance Limited Duration Income Fund Trading Up 0.4%

Shares of NYSEAMERICAN:EVV traded up $0.03 during midday trading on Tuesday, reaching $8.40. 1,009,092 shares of the company’s stock traded hands, compared to its average volume of 391,168. Eaton Vance Limited Duration Income Fund has a one year low of $8.31 and a one year high of $10.25. The stock has a 50 day moving average of $8.97 and a 200 day moving average of $9.21.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, September 24th. Shareholders of record on Monday, September 14th were paid a dividend of $0.0695 per share. The ex-dividend date was Monday, September 14th. This represents a $0.83 annualized dividend and a yield of 9.9%. This is a decrease from Eaton Vance Limited Duration Income Fund’s previous monthly dividend of $0.0696.

Institutional Trading of Eaton Vance Limited Duration Income Fund

A number of institutional investors have recently made changes to their positions in EVV. Kanen Wealth Management LLC grew its position in Eaton Vance Limited Duration Income Fund by 7.0% in the 1st quarter. Kanen Wealth Management LLC now owns 379,816 shares of the company’s stock worth $3,589,000 after purchasing an additional 24,700 shares during the period. WealthTrust Asset Management LLC bought a new position in shares of Eaton Vance Limited Duration Income Fund during the 1st quarter valued at $161,000. Aviance Capital Partners LLC lifted its holdings in shares of Eaton Vance Limited Duration Income Fund by 3.4% during the 1st quarter. Aviance Capital Partners LLC now owns 142,539 shares of the company’s stock valued at $1,347,000 after buying an additional 4,629 shares during the period. Independent Financial Group LLC purchased a new position in shares of Eaton Vance Limited Duration Income Fund in the 1st quarter worth $730,000. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of Eaton Vance Limited Duration Income Fund by 1.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,064,177 shares of the company’s stock worth $10,152,000 after acquiring an additional 13,216 shares during the period.

About Eaton Vance Limited Duration Income Fund

Eaton Vance Limited Duration Income Fund (NYSE American: EVV) is a closed-end investment fund managed by Eaton Vance Management. The fund seeks to provide a high level of current income while maintaining a portfolio with limited interest-rate duration, which can help reduce sensitivity to changes in interest rates compared with longer-duration fixed-income investments.

The fund invests primarily in a diversified portfolio of income-producing debt securities. Its investments may include corporate bonds, below-investment-grade securities, mortgage-backed securities, asset-backed securities, government and sovereign debt, and other fixed-income instruments.