Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Sees Strong Trading Volume – Still a Buy?

Shares of Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) saw strong trading volume on Tuesday . Approximately 1,144,258 shares traded hands during trading, an increase of 610% from the previous session’s volume of 161,150 shares.The stock last traded at $50.86 and had previously closed at $50.87.

Eaton Vance Short Duration Income ETF Price Performance

The business has a fifty day simple moving average of $50.86 and a 200-day simple moving average of $51.09.

Eaton Vance Short Duration Income ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, August 6th. Stockholders of record on Friday, July 31st were issued a dividend of $0.1976 per share. The ex-dividend date was Friday, July 31st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EVSD. Studio Investment Management LLC acquired a new stake in Eaton Vance Short Duration Income ETF during the 4th quarter worth approximately $208,000. First American Bank acquired a new position in Eaton Vance Short Duration Income ETF in the 1st quarter valued at approximately $571,000. Bank of America Corp DE acquired a new position in Eaton Vance Short Duration Income ETF in the 2nd quarter valued at approximately $297,000. Eldridge Investment Advisors Inc. raised its stake 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 valued at $2,875,000 after acquiring an additional 33,145 shares during the last quarter. Finally, Equitable Holdings Inc. bought a new position in shares of Eaton Vance Short Duration Income ETF during the second quarter valued at $691,000.

Eaton Vance Short Duration Income ETF Company Profile

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.