Eaton Vance High Yield ETF (NYSEARCA:EVHY) Sees Large Increase in Short Interest

Eaton Vance High Yield ETF (NYSEARCA:EVHY) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 11,202 shares, an increase of 24.7% from the December 31st total of 8,980 shares. Based on an average daily trading volume, of 8,255 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.7% of the shares of the company are sold short. Approximately 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 8,255 shares, the days-to-cover ratio is presently 1.4 days.

Eaton Vance High Yield ETF Price Performance

Eaton Vance High Yield ETF stock remained flat at $52.96 during mid-day trading on Tuesday. 1,697 shares of the company’s stock were exchanged, compared to its average volume of 5,991. The stock’s 50 day simple moving average is $53.22 and its 200 day simple moving average is $53.24. Eaton Vance High Yield ETF has a 12-month low of $50.26 and a 12-month high of $53.63.

Eaton Vance High Yield ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Friday, January 30th will be paid a dividend of $0.2986 per share. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, January 30th.

About Eaton Vance High Yield ETF

The Eaton Vance High Yield ETF (EVHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, investing in a broad portfolio of US corporate high yield debt securities with varying maturities. The fund aims for high levels of income and capital growth EVHY was launched on Oct 16, 2023 and is issued by Eaton Vance.