Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sees Large Volume Increase – Should You Buy?

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) saw unusually-strong trading volume on Tuesday . Approximately 324,588 shares changed hands during trading, an increase of 87% from the previous session’s volume of 173,336 shares.The stock last traded at $51.38 and had previously closed at $51.38.

Eaton Vance Short Duration Income ETF Price Performance

The stock has a 50-day moving average price of $51.52 and a two-hundred day moving average price of $51.51.

Eaton Vance Short Duration Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Friday, February 27th were given a $0.1791 dividend. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, February 27th.

Institutional Investors Weigh In On Eaton Vance Short Duration Income ETF

A number of large investors have recently bought and sold shares of the company. Studio Investment Management LLC acquired a new stake in Eaton Vance Short Duration Income ETF during the 4th quarter valued at approximately $208,000. Flow Traders U.S. LLC acquired a new position in shares of Eaton Vance Short Duration Income ETF in the 2nd quarter valued at about $1,189,000. Eldridge Investment Advisors Inc. grew its holdings in Eaton Vance Short Duration Income ETF by 145.7% during the fourth quarter. Eldridge Investment Advisors Inc. now owns 55,895 shares of the company’s stock worth $2,875,000 after acquiring an additional 33,145 shares during the period. Nemes Rush Group LLC acquired a new position in Eaton Vance Short Duration Income ETF in the third quarter valued at approximately $9,732,000. Finally, Janney Montgomery Scott LLC lifted its holdings in Eaton Vance Short Duration Income ETF by 893.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 195,285 shares of the company’s stock valued at $10,046,000 after acquiring an additional 175,631 shares during the period.

About Eaton Vance Short Duration Income ETF

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.