Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sees Large Decrease in Short Interest

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 32,073 shares, a decline of 58.0% from the September 15th total of 76,424 shares. Based on an average daily trading volume, of 241,599 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Eaton Vance Short Duration Income ETF Price Performance

EVSD stock traded up $0.01 during trading on Wednesday, reaching $49.91. The company had a trading volume of 74,539 shares, compared to its average volume of 175,108. Eaton Vance Short Duration Income ETF has a 52 week low of $49.73 and a 52 week high of $51.72. The business has a 50 day moving average of $50.44 and a 200 day moving average of $50.78.

Eaton Vance Short Duration Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.2073 per share. This is a positive change from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.1893. The ex-dividend date was Wednesday, September 30th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 5.0%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Prism Advisors Inc. purchased a new position in shares of Eaton Vance Short Duration Income ETF in the 3rd quarter valued at approximately $16,667,000. Farther Finance Advisors LLC purchased a new stake in Eaton Vance Short Duration Income ETF in the third quarter worth $110,000. Studio Investment Management LLC purchased a new stake in Eaton Vance Short Duration Income ETF in the second quarter worth $391,000. Equitable Holdings Inc. purchased a new stake in Eaton Vance Short Duration Income ETF in the second quarter worth $691,000. Finally, Bank of America Corp DE bought a new position in Eaton Vance Short Duration Income ETF in the second quarter worth $297,000.

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.