Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) Shares Shorted: Short Interest Up 1,556.9% in October

Eaton Vance Short Duration Income ETF (NASDAQ:EVSD) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 155,900 shares, an increase of 1,556.9% from the October 15th total of 9,409 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 238,143 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Eaton Vance Short Duration Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Prism Advisors Inc. bought a new position in Eaton Vance Short Duration Income ETF in the 3rd quarter valued at approximately $16,667,000. Nemes Rush Group LLC purchased a new stake in Eaton Vance Short Duration Income ETF during the 3rd quarter valued at $11,493,000. Equitable Holdings Inc. bought a new stake in shares of Eaton Vance Short Duration Income ETF in the 2nd quarter worth $691,000. Bank of America Corp DE purchased a new position in shares of Eaton Vance Short Duration Income ETF in the second quarter worth $297,000. Finally, Studio Investment Management LLC purchased a new position in shares of Eaton Vance Short Duration Income ETF in the third quarter worth $517,000.

Eaton Vance Short Duration Income ETF Price Performance

Shares of EVSD traded down $0.18 during trading hours on Tuesday, hitting $50.08. The company had a trading volume of 166,481 shares, compared to its average volume of 185,042. The firm has a fifty day moving average price of $50.16 and a 200-day moving average price of $50.85. Eaton Vance Short Duration Income ETF has a 52-week low of $49.73 and a 52-week high of $51.70.

Eaton Vance Short Duration Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Friday, October 30th were paid a $0.2299 dividend. This is a boost from Eaton Vance Short Duration Income ETF’s previous monthly dividend of $0.2073. This represents a $2.76 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Friday, October 30th.

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.