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

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 71,577 shares, an increase of 336.7% from the April 15th total of 16,390 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 138,008 shares, the days-to-cover ratio is currently 0.5 days.

Eaton Vance Short Duration Income ETF Trading Down 0.0%

Shares of EVSD stock traded down $0.01 during trading hours on Thursday, hitting $50.98. 94,828 shares of the company’s stock were exchanged, compared to its average volume of 165,731. The firm has a 50 day moving average of $51.12 and a two-hundred day moving average of $51.37. Eaton Vance Short Duration Income ETF has a fifty-two week low of $50.72 and a fifty-two week high of $51.72.

Eaton Vance Short Duration Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Thursday, April 30th were given a dividend of $0.1889 per share. The ex-dividend date was Thursday, April 30th. This is a positive change from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a dividend yield of 4.4%.

Institutional Trading of Eaton Vance Short Duration Income ETF

Several large investors have recently made changes to their positions in EVSD. Ameriprise Financial Inc. purchased a new stake in shares of Eaton Vance Short Duration Income ETF during the third quarter worth approximately $15,875,000. Prism Advisors Inc. purchased a new stake in shares of Eaton Vance Short Duration Income ETF during the first quarter worth approximately $15,230,000. Nemes Rush Group LLC purchased a new stake in shares of Eaton Vance Short Duration Income ETF during the third quarter worth approximately $9,732,000. Janney Montgomery Scott LLC increased its position in shares of Eaton Vance Short Duration Income ETF by 893.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 195,285 shares of the company’s stock worth $10,046,000 after purchasing an additional 175,631 shares in the last quarter. Finally, Eldridge Investment Advisors Inc. increased its position in shares of 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 purchasing an additional 33,145 shares in the last quarter.

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.