Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) Sees Large Drop in Short Interest

Eaton Vance Limited Duration Income Fund (NYSEAMERICAN:EVV) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 146,561 shares, a decrease of 59.7% from the August 31st total of 363,703 shares. Based on an average daily trading volume, of 387,442 shares, the days-to-cover ratio is presently 0.4 days.

Eaton Vance Limited Duration Income Fund Stock Down 0.6%

Eaton Vance Limited Duration Income Fund stock traded down $0.05 during midday trading on Monday, hitting $8.37. 1,069,693 shares of the company were exchanged, compared to its average volume of 387,828. The business has a fifty day simple moving average of $9.01 and a two-hundred day simple moving average of $9.23. Eaton Vance Limited Duration Income Fund has a fifty-two week low of $8.31 and a fifty-two week high of $10.25.

Eaton Vance Limited Duration Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 24th. Stockholders of record on Monday, September 14th were paid a dividend of $0.0695 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend was Monday, September 14th. This is a negative change from Eaton Vance Limited Duration Income Fund’s previous monthly dividend of $0.0696.

Hedge Funds Weigh In On Eaton Vance Limited Duration Income Fund

Institutional investors have recently made changes to their positions in the company. Sit Investment Associates Inc. boosted its holdings in Eaton Vance Limited Duration Income Fund by 0.7% during the fourth quarter. Sit Investment Associates Inc. now owns 6,460,942 shares of the company’s stock worth $64,028,000 after buying an additional 44,239 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in Eaton Vance Limited Duration Income Fund by 1.3% in the first quarter. Chicago Partners Investment Group LLC now owns 1,064,177 shares of the company’s stock valued at $10,152,000 after buying an additional 13,216 shares in the last quarter. Royal Bank of Canada raised its position in shares of Eaton Vance Limited Duration Income Fund by 2.0% in the first quarter. Royal Bank of Canada now owns 995,905 shares of the company’s stock worth $9,411,000 after acquiring an additional 19,806 shares during the period. Cetera Investment Advisers raised its position in shares of Eaton Vance Limited Duration Income Fund by 15.1% in the first quarter. Cetera Investment Advisers now owns 933,420 shares of the company’s stock worth $8,821,000 after acquiring an additional 122,470 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Eaton Vance Limited Duration Income Fund by 2.2% in the first quarter. Janney Montgomery Scott LLC now owns 520,780 shares of the company’s stock worth $4,921,000 after acquiring an additional 11,313 shares during the period.

Eaton Vance Limited Duration Income Fund Company Profile

Eaton Vance Limited Duration Income Fund (NYSE American: EVV) is a closed-end investment fund managed by Eaton Vance Management. The fund seeks to provide a high level of current income while maintaining a portfolio with limited interest-rate duration, which can help reduce sensitivity to changes in interest rates compared with longer-duration fixed-income investments.

The fund invests primarily in a diversified portfolio of income-producing debt securities. Its investments may include corporate bonds, below-investment-grade securities, mortgage-backed securities, asset-backed securities, government and sovereign debt, and other fixed-income instruments.