Eaton Vance High Yield ETF (NYSEARCA:EVHY – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 7,103 shares, an increase of 141.1% from the July 15th total of 2,946 shares. Based on an average trading volume of 3,199 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.4% of the company’s shares are short sold.
Eaton Vance High Yield ETF Stock Performance
Shares of Eaton Vance High Yield ETF stock traded down $0.02 on Friday, hitting $52.26. 537 shares of the company’s stock traded hands, compared to its average volume of 4,332. The firm’s 50-day moving average price is $52.27 and its two-hundred day moving average price is $52.43. Eaton Vance High Yield ETF has a one year low of $48.57 and a one year high of $53.63.
Institutional Investors Weigh In On Eaton Vance High Yield ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Alternatives Inc acquired a new position in Eaton Vance High Yield ETF in the second quarter valued at about $1,490,000. Elevation Point Wealth Partners LLC bought a new position in Eaton Vance High Yield ETF during the 2nd quarter worth approximately $207,000. Allworth Financial LP bought a new position in Eaton Vance High Yield ETF during the 2nd quarter worth approximately $166,000. Wealth Effects LLC acquired a new position in Eaton Vance High Yield ETF during the second quarter valued at approximately $147,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Eaton Vance High Yield ETF during the second quarter valued at approximately $58,000.
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.
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