Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Short Interest Down 91.5% in February

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 23,678 shares, a decrease of 91.5% from the January 29th total of 277,429 shares. Based on an average daily trading volume, of 99,664 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 99,664 shares, the short-interest ratio is currently 0.2 days.

Eaton Vance Floating Rate ETF Price Performance

Shares of NYSEARCA EVLN traded up $0.10 during mid-day trading on Wednesday, hitting $48.69. The company had a trading volume of 27,211 shares, compared to its average volume of 89,476. The firm has a 50-day simple moving average of $49.33 and a two-hundred day simple moving average of $49.60. Eaton Vance Floating Rate ETF has a one year low of $48.21 and a one year high of $50.40.

Eaton Vance Floating Rate ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Friday, January 30th were given a dividend of $0.2892 per share. This represents a c) annualized dividend and a yield of 7.1%. This is an increase from Eaton Vance Floating Rate ETF’s previous monthly dividend of $0.29. The ex-dividend date of this dividend was Friday, January 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Flow Traders U.S. LLC bought a new stake in shares of Eaton Vance Floating Rate ETF in the 3rd quarter valued at about $1,174,000. Eldridge Investment Advisors Inc. grew its holdings in Eaton Vance Floating Rate ETF by 0.6% during the fourth quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock worth $9,399,000 after purchasing an additional 1,102 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in Eaton Vance Floating Rate ETF during the third quarter worth approximately $27,435,000.

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.